As far as hardware goes, looks great, aside from the lack of microSD. If they really need space I'd rather they ditch 3.5mm and FM radio.
Also, this doesn't have UWB or a stylus.
The FM radio is entirely baked-in to the MediaTek MT6789 SoC, and uses anything connected to the 3.5mm jack as the antenna for better reception. Assuming this thing is intended for use at jobsites, it's not entirely unreasonable to assume that having a functional FM radio and 3.5mm jack would be desired.
Still, a jobsite seems like a bad place for a 3.5mm. Any jobsite radio will likely either have FM built in, or Bluetooth, and and aux cord is just one more thing to get grime on it and clog your connector.
Actually using it for headphones seems like an unnecessary safety hazard that Bluetooth would fix.
Software updates have nothing to do with big names. They are too expensive for the phone maker, being it Google or Samsung or Xiaomi.