How's this system vs Xbox series X?

I happened to score this system this morning at BB for $519 open box good condition. I pick it up this afternoon. I’ve been wanting to replace my Xbox for a bit now. I tried a laptop with a I5-13420H and RTX4060 and what I found out was this: FS on high or ultra in 1080p looks a hellava lot better than Xbox at 4k. Also I don’t really want a laptop. I want to hook it up to my 65in TV. So take a look and tell me how I did. I think I got a great deal. From my research the processor is better than a lot of the 14th gen I5s. And I believe the 3070 is better than the 4060. I think it will run 2020 great and maybe 24 after they get it sorted. Anybody have experience with BB’s open box? And yeah, I’m on a bit of a budget.