This is such as confusing release / announcement. It seems clearly worse than Claude Sonnet 3.7, yet costs 30x as much? What's going on with their pricing? I

This is such as confusing release / announcement. It seems clearly worse than Claude Sonnet 3.7, yet costs 30x as much? What's going on with their pricing? I misread it as $7.5/M input and that that was very overpriced... then realized it was 10x that much!