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Could you explain for a layman why this is disappointing?
It is truly uneducated. While it’s true that the “UI” part is web you can interface with the OS level api so it’s not that different than a real software
As others said, it's basically chrome bundled with the website code so it looks like an app. And while Electron does offer devs the ability to do things a webapp can't, it still brings the chrome browser engine along with all the inefficient ram usage and potential for security flaws that implies.
It’s just the web version wrapped inside an app, not an actual, true, software application.
Plenty of companies started using electron for writing cross platform apps, these apps(electron) use JavaScript engine, which makes it easy to develop these apps but as a tradeoff it uses more system resources than your regular native apps. And when they all do it(discord, vscode, steam etc.) you ask, why the hell do I need these dedicated apps if all they do is just start up a browser? I can just open another tab in firefox or whatever and be done with it.