LE is a cleanroom specification developed by Nokia and delivered wholesale to the Bluetooth SIG in 2010. It's much more limited in scope, limited in bandwidth and designed to fill a niche around low-power, low-bandwidth devices instead of F-35'ing with WiFi-type capabilities.
It'll get faster in time - each new revision brings with it a faster PHY without compromising on power consumption. It's up to about 2Mbits/sec now, as of 5.0. It's not quite up to where it needs to be to support streaming high-fidelity lossless audio, but it'll be there shortly. It's the right tool for the job - for once - we just need to let it mature a bit.
[edit] Double-checking how AirPods connect, but I'm almost confident it's analogous to LE Audio spec in 5.1