[anigbrowl]

You are quite right that the ESP is way over-specified for many tasks, but it's not like the uC is gonna quit and take a more fulfilling job elsewhere. You can get tiny boards for close to $5/ea, or under $5 if you don't need the USB connector. - and that's in single-digit quantities. The hardware configuration is very flexible, eg if power consumption matters you can run it a lot slower, switch off subsystems you don't need, use a watchdog timer to simplify exception handling etc.. There's a rich and constantly expanding SW ecosystem so you can get to a working prototype very fast.