Depending on how you count, it’s either the second, third, or even fourth iteration of Samsung’s folding phone design. The first was pulled from the market days before release because it was too fragile. The second was the official release, but it was still surrounded by a fog of uncertainty.
Big; high refresh rate glass screen; Big; actually usable cover display; Improved; but not yet great; tablet interface
Awkward form factor when closed; Expensive; Cameras are a step down from the Note 20 Ultra or Galaxy S20