If it really has the 6D Mk II sensor in there... who cares about the price? Canon can only go so far with attractive pricing if their sensors are way behind the competition.
You really think most customers will have their purchase decisions driven by sensor quality primarily? Where do you think price comes in, in terms of ranking?
A thousand dollars for a full frame camera is now within reach. This encroaches into similar products within the price range AND will make people rethink if they really need to keep upgrading their smartphones to the newly minted $1,500 models being released as we speak.
Our tastes as photographers are not representative of what runs in the minds of most customers.