We're confident it's going to be much better hardware than Pixels and that our users will be happy with it. Our initial goal was only providing competitive security with Pixels but it's now clear we can do better in most areas. Google will likely have a significantly better secure element for a while but that can change too.
What's the point of the Pixel 11 and later now that they aren't supported by AOSP and are no longer going to be best in class for security? The updates and security features are why GrapheneOS uses them. We have ~500k users on the Pixel 6 through Pixel 10a and many of those users had multiple previous Pixel and Nexus devices for GrapheneOS. Our userbase is rapidly growing at an increasing rate and was already significant for Pixels.