Here's what you get ESP32-S3 processor, 8 MB flash, 2 MB of SRAM, with full Arduino or CircuitPython support. WiFi and Bluetooth LE baked right in, full Arduino support. But turns out the S3 is really great at doing all the work of the original all on its own.
This product would be ideal for IoT projects requiring a low-power, easy-to-use platform for integrating circuitPYTHON with an ESP32 and displaying data on an LED matrix.