The only thing I disagree with here is about the Air. I think Apple's strategy with the Air is to split the Pro line. Previously the Pro phones were for people who wanted a premium feeling and who wanted premium features, but those are often in tension, and might hold each other back. Now the Air is for those who want premium feel (you might call it flashy, looks great, feels great, but has trade-offs), and now the Pro is an uncompromising set of features, at the expense of being bigger and having a comical camera ~bump~ ~plateau~ continent. This is the same as the Watch, where you have the stainless steel models for the premium feel, and the Ultra for the premium features.
I suspect many on HN may not differentiate between the premium features and feel as much – I know it's not what I jump to – because "design is how it works" and many here aren't as fashion conscious, but a lot of folks buy new phones based on the colour, or how thin it feels, or other details that are easily written off when you know more about the hardware. I think the Air might be a big hit, while getting very little of the enthusiast market.