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This kind of approach feels like the modern version of BASIC + Assembly from 8 and 16 bit days.

Exactly, but with more processing power than the BASIC + Assembly days, and more connectivity.

Definitely, I always compare the ESP32 to a modern version of the Amstrad PC 1215, and we could already do quite a lot with it.

Hence why unless we're doing some kind of PIC like development, it is about time to embrace more modern tooling. :)

I always thought Micropython deserved a C64-like computer (with some pins exposed on top).

I'd hate to be that poor little bastard, having to run 200 bullshit instructions for each useful one.

I'd probably just output a middle finger somewhere and halt forever.