If that is the mindset where they prey on the ignorant with such a terrible outdated product saying how new it is to entice buyers, then my view of Canon just went out the window.
I appreciate having different price models with different features, but this is now the 2nd time, and a most egregious example, where Canon took old tech (in this case, it might as well be the T2i) and relabeled as a newly released new camera 8 years later, just to confuse the consumer to build revenue. That is the signal of a company that has nothing in the pipeline in regards to improvements or new concepts.
People know with cars, that they are trading various features for less money, that is very common, the window sticker makes that clear, as does the salesman with the hope they can upsell you. That is not the scenario here.
It would be like a car manufacturer creating a new model or successor to a prior model, but pulling the engine out of a car 9 years ago, along with the CD player radio, drum brakes, and poor gas mileage and calling it a new model with a great sale price, without divulging the age and lack of quality as compared to current cameras to the consumer in a clear concise manner. Nobody knows what the digic 4 processor is, nor will understand that the 18-55 III is the lens they are getting and that it is inferior to the 18-55 STM IS lens that their friend might have from their rebel purchase. They will see that Canon came out with a new DSLR at a low price, and believe it to be a great deal due to what they hear from others about their Rebels, and 80Ds, etc.
In some industries, if this happened to this degree, it might actually be considered fraud.
Your arguments are tenuous at best. What's fraudulent? They're not saying that this is the latest and greatest technology that Canon has ever put into a camera. If they were trying to pass off used or reconditioned T2i's/550D's as new, that would be fraudulent. But they're not. These are brand new cameras right off the production line that just happen to leverage mature technology to reduce costs. Companies do that all the time. The specs I recall right now are that it takes EF lenses, it has an 18MP sensor, a DIGIC 4+ processor (whatever that means), it can shoot at 3 fps, and it comes with a lens whose focal length can vary between 18 and 55 mm. As long as all of those statements are true, where's the fraud?