This is meant to be the successor to the X390 so it's meant to be Lenovo's premium 13 inch ultraportable. Don't think I ever saw the X390 this cheap.
Good 100%sRGB/72% NTSC screen. The 6c/12t Ryzen Pro processor on the base model is plenty fast, considerably faster than than the i7 Intels or the Ryzen 4500U you get in other laptops. Integrated graphics are on par with a NVIDIA MX250 so ok for light GPU work or eSports gaming
Upgrades are cheaper with the code too. RAM is soldered so get as much as you need now. Up to 32GB option available with the Ryzen 7
Don't forget cashback!
X1 has bigger screen (14" vs 13"), it's thinner, lighter (extra 70 to 200g depending on configuration) with smaller bezels and slightly bigger battery. Backlit keybaord is also standard. AMD cpu in the body of an x1 would be amazing.