I left Apple for the hardware (butterfly keyboard, touchbar), and stayed away because of the software.
I can't imagine Apple would do this though as they'd probably cut into their own flesh with a product like that. Many people use iMacs as office computers, for them there would be little reason to buy a machine for thousands of Dollars just to write text documents, read e-mails and browse the Internet if you can get a MacOS device for a few hundred Dollars. Apple already has the Mac Mini which starts at 800 USD, so I don't think there's much pricing room below that for Apple. But then again, who knows, as they're building their own chips now it would be feasible to design a slightly underpowered Mac Mini and sell it for 300-400 USD. If it works well enough it could be a great success, I think.
If anything I'd rather have a budget Mac Mini Mini in something like an Apple TV 4K case.