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I think this may be closer to an Android TV replacement? but with seemingly less features.

Is my 65" TV I splashed out on going to stop getting updates now...

Its Android TV with a different UI, and its replacing Android TV https://9to5google.com/2020/09/30/android-tv-replaced-google...

Yes, of course - if not now, in two years. Smart TVs rarely get updates for longer than that.