I actually like the idea of a small, stand-alone gadget like this. The battery life should definitely be better - if a decent phone can last a day or two, I'd expect a device like this to be able to last much longer than that.
But I can't see how they can sell this device without a monthly subscription? Even if you don't make many AI queries, you're still consuming resources on their "rabbithole" web services. If the company behind Rabbit closes down, I'm guessing the devices will become near-useless? Although, knowing that it runs on Android gives hope for hackers to extend and modify the devices.