This product seems a bit overpriced. What exactly is it intended to be used for that a $150-$200 N100-based miniPC couldn't do? Per-core performance will likely be similar, with 4-cores easily handling the vast majority of common desktop tasks, and if one were actually doing something that could benefit from the additional cores, they would benefit even more from getting a system with a somewhat larger form-factor and a desktop CPU.
If you compare it to the N100, it won't look good. 8-core N300/N305 already commands a steep premium over N100 that was signaled in advance by giving it the "Core i3" branding. Then you are paying another premium to be an early adopter of AirJet.
Keep in mind, that $500 price is theoretical and they are only launching with 8 GB of RAM so far. It was originally reported that there would be a 16 GB option.
Alder Lake-N is best kept dirt cheap, because when you think about it, ultra mobile silicon with 1-2 P-cores should be fulfilling some of its roles with much better single-threaded performance and a larger iGPU. And an AI coprocessor when Meteor Lake 2+8(+2) is out.
Obviously, Alder Lake-U and Raptor Lake-U can be much more expensive, but some of the disabled SKUs could be great if they were priced right. For example, the half-disabled Pentium 8500/8505 with 1 P-core, 4 E-cores, 48 EUs.
Compared to the N300/N305, it has superior graphics, almost 50% faster single-threaded, a slight loss in multi-threaded, and more L3 cache.