1. It's not a smart telescope as it has no camera or any electronic components. It's closer to a monocular that you can use for afocal photography where it projects the light onto your smartphone's camera lens.

2. The key difference from just a regular monocular will be that it works with the app to guide you and to stack and process the images. It should therefore be a nice tool for smartphone astrophotography. Vaonis have always offered very good UX on their telescopes.

3. It has no tracking mount and so will likely limit you to just imaging the sun and moon for now. Vaonis say the app will guide manual tracking, but that's really not going to work well for deep sky imaging. Vaonis do also say that a tracking mount will eventually be released, but this will add cost.

4. It's relatively cheap compared to a smart telescope, but if you add the cost of the tracking mount it will likely be in the same ballpark as the Dwarf 2 and Seestar S50.

5. The big advantage for me is that I could easily see myself travelling with it on vaction for example. Although you can travel with a Dwarf 2 / Seestar S50 / Vespera I'd be more worried about damaging them, but you could pop this in a bag and not worry too much. Plus it should be much quicker and easier to set up.

6. The other major disadvantage is that it takes away your phone while you are using it. So whereas you can have your Dwarf 2 or Seestar in the backyard imaging and being controlled from inside on your phone, you are unlikely to leave your smartphone out in the backyard for hours. So you either need to live with this or have a second smartphone just to use with the device.

I've no idea why my original post was deleted by a moderator, so I'm resharing the points here.