It's the perfect way to accidentally all of the things.
Accidentally open an app. Now you have to wait for it to load, and waste your network data and battery, before you can do what you really wanted to do.
Accidentally read that message, and also accidentally swipe it away while you fumble with your phone. You didn't want to see that message anyway.
Accidentally add that person to your contact groups. Yup, you added your boss to the conversation with your wife. Nobody will mind!
Accidentally read an email, and clicked on that phishing link. Cool beans, security relies on 2FA anyway, right? It's not like it could open an app and automagically read the SMS code, right?
Accidentally start playing video. Yes that video. In the conference room. It's nice that everyone has a great sense of humor!
Anyone who disagrees should try teaching an older relative with less than youthful fine motor control how to use a FaceID equipped iPhone.
(I initially thought you might mean faceid doesn't work if you're a bit shaky, but I just tried that and it surprisingly doesn't care.)
Meanwhile, the Settings app keeps begging me to "Finish Setting Up Your iPhone".
Still more deterministic than Face ID.
There was also a rumor of in-display Touch ID.