The release of the Galaxy S22 Ultra already made it clear that Samsung intended to shutter the Galaxy Note series. However, the head of Samsung's smartphone division has confirmed that there will be no more Galaxy Note-branded smartphones, with future Galaxy S Ultra models taking their place instead.
https://www.notebookcheck.net/Samsung-confirms-the-end-of-the-Galaxy-Note-series-at-MWC-2022.605243.0.html
Too expensive for what it is: a phone which sometimes is also a notepad.