It's more accurate to say, going all in on hardware again. Surface laptops were not the primary focus, just a throwaway product to grab a small percentage of entry level laptop consumers. This is positioned as a direct ARM MacBook competitor.
I do agree they're excited to announce an ARM laptop, but there's not a commensurate bigger "bet"/investment in hardware.
I'd argue there's less investment: Internal Dell documents has Snapdragon at $145, versus $276 for i7.[2]
[1] Purchased two as gifts.
[2] https://videocardz.com/newz/snapdragon-x-series-chips-cost-o...
Yeah I don't think this take is accurate, my employer (state-owned, largest utility in my country) issues Surface laptops to many employees so I think there is likely significant enterprise use of these.
I do agree that this refresh seems like a renewed effort to compete in the consumer space though.