No touchpads. OOTB experience questionable and Bazzite is a community project, compared to first party support from Valve for the Deck.
And the display isn’t definitely better. Yes it’s 120 Hz, higher resolution and VRR, but the Deck’s OLED has proper HDR support and 90 Hz is probably enough for this type of device (as is the resolution, although I’d take a higher res screen as well for 2D games). The main thing that the Deck’s screen is missing is VRR imo.
Honestly - lack of large trackpads aside (it does have a tiny one on the right side) - the Legion Go S looks like a good deal. Price should be equal to the OLED Deck for the 512 GB variant, for that you get a device with a more modern CPU architecture and 50% more GPU cores. The display is quite a bit larger (8.1" vs 7.4", which is a larger difference than it might seem), it’s higher resolution 120 Hz and - most importantly - it has VRR, which the Steam Deck OLED lacks. Sure, it’s not OLED and some people are seemingly allergic to higher resolution displays (“think about the battery life!!!” or “not powerful enough to play games at this res” (upscaling exists)), but 2D games like Hollow Knight or Cuphead should look amazing on this display and font rendering should be a lot better.
Also, Lenovo might sell this in countries where the Steam Deck isn’t officially available.