Rick, I don’t understand what argument you are trying to make against these shoes.
I am interested in them because altra shoes have no heel rise, no arch support, are very flexible, and they have a massive toe box. Altra’s are some of the only shoes that fit my foot. Many other people use altras for the same reasons I just listed. Those are the differences I expect from these shoes over other lightweight waterproof mid-tops.
I expect these shoes to provide a waterpoof barrier and a mid top that when combined with gaiters keeps snow out of my shoes. I also expect neoshell to be fairly breathable at 0.5 cfm while still sufficiently waterproof at 10k hydrostatic head.
I can increase the insulation on my feet by sizing way up and layering multiple thick socks. I don’t see how that is functionally different that an insulated boot with a removable liner. I have smaller feet so I could layer a size medium, large, and extra large thick wool sock and then keep trying on shoe sizes until I find one big enough even if its several sizes larger… assuming I was going into a very cold climate where that level of insulation would be necessary. Sounds ridiculous but I would have a shoe that fits me and keeps my feet happy because it has no heel or arch support.
I also own 40 below overboots.