It's definitely a high-end web browsing machine. The TPM and sandbox model makes it pretty handy to use as daily driver for web browsing. Definitely a good recommendation for non-technical friends and family that need more than a device with 4GB ram.
For around 5 years I used a Chromebook as my primary home computer, and it worked really great. It was a HP 13 g1, with the very high res display, insane battery life, 8GB RAM. I bought it for $550-ish, and a couple years ago got my son one and myself a spare, upgraded box (partly because it finally supported the Linux subsystem), those were each around $100.
For running ChromeOS, it was spectacular. I ended up using it a lot for connecting into my work Linux box and doing work things via tmux+mosh. And then for browsing.
I ended up replacing it with a MacBook Pro, for way, way more money, but it's a top notch computer, can do the occasional videos that I couldn't do on my other computers, but I still blush at how much it cost.
I do really miss the "just reboot into updates". Right now I'm putting off a MacOS update because I know the machine will be fully out of commission for at least an hour when I do.