I've been waiting for the 12th Gen i7 version of this to come down enough in price to replace a slowly dying laptop.
It's a full $100 cheaper than Shopping Express etc with the other eBay 22% discount.
I've used an 11th Gen i5 version of this laptop, and was very happy with the build quality, screen and twin thunderbolt ports.
RAM is soldered is about the only downside I can see for this device - but 16GB is fine for my needs.
I think you have your calculation incorrect. Most are $1200ish now with the 20/22% code:
Shopping Express Ebay is $1200 with a $30 Netflix card, so better deal:
https://www.ebay.com.au/itm/334710147547
Futu ebay is $1199:
https://www.ebay.com.au/itm/334635809686
gg.tech365 is $1199:
https://www.ebay.com.au/itm/404007759129