N150 is plenty for browsing. I have the AMD competition (Ryzen 7 5825U) and it is absolutely fine. The AMD chip has a lot more GPU, but it's still not enough for gaming really. Like, I could turn down the settings enough in Civ VI to make it playable, but not to have it look good at the same time. And that's a strategy game! Action games are hopeless unless they are quite old.
But this PC isn't being sold for gaming, its whole purpose is... well, to make money with bullshit marketing really, but it's meant to lurk in the background. You're not supposed to be using the console. Therefore the abject lack of GPU performance is irrelevant. The CPU power isn't going to set any records, but it's fine for any normal tasks.
The actually important part of what it's not powerful enough for is running local models. It doesn't have enough RAM and it doesn't have enough CPU. What you want for that is probably a Ryzen AI chip and at least 32GB. Some models run pretty well on a reasonably fast CPU without any LLM-specific features. I have a 5900X desktop with 64GB and a 4060Ti 16GB, and models run around 0.7x speed on the CPU compared to the GPU.
An AMD Ryzen AI HX 470 MiniPC with 32GB and 1TB is over $1000. Even with Ryzen AI 5 340 it's $750. So you're not getting the ability to run local models for this kind of money.