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No. I bought the predecessor for $50. Money well spent. I keep my phone off, I save battery life for when I do need to use my phone and I have 256GB of dedicated (and removal/replaceable/upgradable) storage to old school gaming. I am a very casual gamer, I do not want to carry a PS4/5 controller on my travels - my primary purpose for purchasing such a device.
A d-pad with tactile buttons, a non-android (or iOS) system that takes micro sd cards are pretty good reasons. And the functionality is very good. Not sure why you assume it isn’t.