You're right on the principle, and this camera is purposefully aimed at a subpar viewfinder experience.
As a comparison point, many people shoot street photography "from the hip", aiming the camera at the rough spot they want to get with a forgiving aperture setting (around 8 or more). This help either for speed, or engage with the scene without having to stick a camera on one's face.
I think this camera is basically aimed at the same crowd, those who will want some idea of what the camera is pointed at, but want to stay "in the moment" and no fully focus on the capturing process. This is pretty close to a phone camera perhaps, but I'd assume it's a lot more fun and carefree.
As a comparison point, many people shoot street photography "from the hip", aiming the camera at the rough spot they want to get with a forgiving aperture setting (around 8 or more). This help either for speed, or engage with the scene without having to stick a camera on one's face.
I think this camera is basically aimed at the same crowd, those who will want some idea of what the camera is pointed at, but want to stay "in the moment" and no fully focus on the capturing process. This is pretty close to a phone camera perhaps, but I'd assume it's a lot more fun and carefree.
I'd totally love to play with one.