The hardware itself is amazing - thin, light, the cover screen has an aspect ratio allowing to use it as your main screen if you wish; doesn't feel cramped like the Z Fold 3/4. You can feel the difference with a 8.02" screen; no other foldable gives you such an experience.
The crease is annoying though, especially if you happen to slide your finger across it when scrolling documents, websites, or playing. Despite the aforementioned, it hasn't been a deal breaker yet for me.
Camera - it's not flagship material, but I'm not a photo junkie, so I don't care.
Wireless charging - it's not present; quite convenient, but you can learn to live without it.
Expandable storage - not there, but same as above.
Audio is good enough; 99% of the time I stream my audio via bluetooth anyway, so I don't really care how it sounds on-device.
Battery - once you configure your device, disable some of the apps, it's exceptionally good, especially with such a big screen. I easily manage 6h+ of SOT while gaming.
Apps - it's a minefield of bloatware - one of the first things you need to do is uninstall them. Some can be removed via the app manager, others need to be deleted from profile 0 via adb.
Connectivity - OK for that generation; better than my SD888 devices.
WiFi is fast; As for cellular reception, I live in an area with terrible cell rception & can comfortably hold conversations on my Fold 2, compared to my other devices where the network often dropping or cutting me off in the middle of sentences.
Software - it's awful; the amount of tinkering to make it remotely acceptable for use is amazing.
Worse - some of the settings, like customization to the profile of each app's battery usage gets reset on reboot. You're forced to register/sign in to Xiaomi if you want to unlock some of the deeper customization features - example: USB Debugging (Security) split into 2 parts.
Some features are locked for use with Xiaomi apps - example: you can't change the launcher. Even if you do, you can't use fullscreen gestures.
After upgrading to MIUI 14/Android 13, my company apps stopped working, although I presume that's going to be affecting a small portion of users only.
It doesn't seem you can flash/boot a GSI (like phh's) yet. I'll hang on to this device for the time being, but if a more compelling offering comes out, I'll probably switch. I was hoping the Pixel Fold would be that device, but I wouldn't go for a gen1 from Google.
In summary - good hardware albeit with some compromises, horrific software experience.
Score - 4/7