It's positioned as an entry level product, but it's functionally identical to the Live and X, particularly once you factor the software side of things. It's missing certain hardware elements that are now much more of a bonus than a necessity. Less outputs, smaller hard drive, etc.

The lack of RCA inputs is an issue if you're using turntables.

The fact that you get full standalone functionality in addition to the expanded functionality of a decent DAW makes it a great buy IMO.

But gear is a funny thing, because few things are all things for all people. These are instruments, and certain instruments will speak to your language in ways others don't, even if they more or less do the same things.

You also need to research current limitations, bugs, etc, because everything has some issues or drawbacks.