Well, specs are over-hyped. But of course, I do agree with you. This is not a gaming PC or a video editing PC. To me it has potential as an appliance. I desire it for it's small form factor and low power consumption at a reasonably low price. I can't just go to sim lim and get something like this.
There's lots of things you can use this PC for. For me, I was thinking of installing linux on it and then leaving it on always to act as a web server (or LAMP server). Additionally I would install a bit torrent client and use it to leech instead of leaving my PC on all the time. Obviously it would also come in handy when i just want to quickly browse some site for info. You get the drift.
Too bad I'm the only one interested.