There are lots of cameras that can just be picked up and used that don't cost $3.4K.
This is a camera with middling specs at a super premium price. If Fuji or Sony or Nikon or anyone else were to produce this exact camera for this exact price, what would everyone be saying?
Clearly, Leica is trying to capitalize on their brand name cachet, and that's perfectly fine. That's not an indictment in any way, shape, or form, of the camera, or of the target market. It remains to be seen if this attempt will be successful, but only Leica can define what that is.
Of course, the specs don't have anything to do with whether the camera is capable of making a good image in the hands of a non-tech (or tech) photographer.
Well, they'd need 1/3 of some money for the Fuji, to be fair.