But those [other] machines both have slightly more premium feels as the trade-off, with aluminum and, on the XPS 13, carbon fiber
Industrial metallurgist here. In fairness, magnesium alloys cost at least 10x as much as aluminum, and are often substantially more expensive than carbon fiber.
There are a couple dozen common grades of carbon fiber. Some (e.g., M60) are exorbitantly expensive at roughly $2000/kg -- but they're rare. The common grades of CF (e.g., S300) are very cheap. In a laptop, you're doubtless getting the cheapest grade.
My point: The light magnesium alloy is, in truth, substantially
more "premium" than aluminum and carbon fiber. Harder to source, harder to work with, more expensive, and ultimately more exotic.