"Spy cameras" like these have been available cheaply for years. The only thing new here is the Ray-Ban brand connection.
If there were more ability to do more editing and get access to the raw footage that would be helpful; I haven’t tested this version though so I don’t know what it does/doesn’t offer.
I would never have bought the last version, but with the image quality on this one it may be worth it (plus the call-related stuff, although I normally have AirPods with me).