Looks like the R7 4700U (8c/8t) variant of the recent Flex 5 deal. Should have the same chassis and package, except more storage and better CPU. Probably not the greatest "deal" but worth posting with the hot demand of Ryzen 4000 laptops.
A 512gb ssd is worth roughly $50, and 2 cores is like $50-60, so this makes sense for the people who really need the extra performance in a 2 in 1 form factor.
Product: IdeaPad Flex 5 14ARE05
Machine Type: 81X2
Processor: AMD Ryzen 7 4700U (8C / 8T, 2.0 / 4.1GHz, 4MB L2 / 8MB L3)
Graphics: Integrated AMD Radeon Graphics
Memory: 16GB Soldered DDR4-3200
Storage: 512GB SSD M.2 2280 PCIe NVMe
Display: 14" FHD (1920x1080) IPS 250 nits Glossy
WLAN + Bluetooth11ac, 2x2 + BT4.2
Battery: Integrated 52.5Wh
Power Adapter: 65W USB-C
OS: Windows 10 Home 64, English
Model #: 81X20001US