It does look a bit cheap, and the protruding part is not aesthetically pleasing, but at least it has good specs. I wish they could make it work while keeping it the same form factors as the other parts.
If you put the port on a little cable, you're back to the USB-C dongle thing.
https://www.theverge.com/circuitbreaker/2017/12/8/16750574/p...
Also, most laptops with collapsable ethernet ports do indeed fold down. I've seen dozens of them, but I've never seen a port like the one you posted (probably because it's a terrible idea, but maybe for other reasons).
I will never accept bad design. This is bad design.