Yes, one possibility is that this devalues the brand and as a result pulls down the prices for the higher end cameras. As a Leica photographer, that sounds good to me...
Another possibility is that it really does stimulate interest in film photography, and that this in turn encourages the continued development of the film M-series. As a Leica photographer, that also that sounds good to me...
But most likely, this will just become irrelevant and disappear. People get in to Instax because the cameras are cheap and because they offer something different. I doubt that there is a vast potential market that is currently stymied by the lack of a red dot on the cameras.
