II get the appeal of a flip phone, but this product already exists for around $150 just with a crappier OS. There's a whole brand called Qin (https://qinphone.com/) that sells Android phones with T9 keyboards, and I can find weirdly named Chinese flip phones like the Unifone S22 for just shy of $150. Sure, they run dated hardware and software, but there's no guarantee they would perform any worse or get any shorter battery life than whatever Commodore is proposing.
Commodore is just giving us Jolla with a hefty freaking price tag.