"wrong GTM strategy using price as the key differentiator. Must be really desperate."
If the company and it's stakeholders are satisfied with the profits, why is going on price the wrong strategy? The likes of Nutanix add a huge amount of cost on top of commodity hardware, and relative to the cost you don't really get a whole lot for it.
In a market full of expensive offerings I don't see "Look guys, we can do this (or 95% of this) at half the cost" as being a bad strategy. Yes it might cause the market for hyper-converged systems to become more of a commodity but the only result of that would be to screw up everyone else's margins - that's called competition.
If you want to see desperation then just wait - if it gains any traction we'll see plenty from the other vendors as they struggle to devalue the Atlantis offering and/or slash their margins to compete.