It isn't as bad as some practices, for sure. The question is how likely are the 'upgrades' actually upgrading anything for the user? Will the extra camera on the Pro be $100 of utility for the user over the lifetime of the device? Or are they using the uncertainty that the user _might_ get a use out of that camera to push to a higher model.

It seems mostly an exercise in price discrimination. You always have a slightly higher price point, and some extra functionality to justify it, and the customer will likely push themselves up to the maximum they are willing to spend instead of settling on the cheapest option that meets their needs.