The huge catch is the soldered 8 GB of RAM that has become almost unacceptable by today's standards. If you're not a demanding user, however, then the limited RAM won't make a huge difference when browsing or video streaming.
https://www.notebookcheck.net/Lenovo-IdeaPad-5-with-6-core-Ryzen-5-5500U-256-GB-SSD-and-300-nit-IPS-display-on-sale-for-449-USD.561978.0.html
How are soldered-ram notebooks selling, Lenovo? If you love burning money, keep making those.