For me this car is a mix of both good and bad....
Firstly - the good. SEAT dealers desperately need a broader product range to get enough volume to be viable. This car contributes to that. And it's a quality car, which pushes SEAT into a slightly more upmarket area where margins perhaps are a little more generous that flogging Ibizas
And now, the bad. I think it really devalues the brand. Over the last 6 years, SEAT's cars have become distinctively styled, and have started to develop an image which is more than "VWs sold cheaper with slightly less soft-feel plastics". Unless you were a car nut and could recognise VW parts bin stuff such as the cruise control switch etc. there is very little about a new Ibiza or Leon/Altea that gives the game away. This really starts building a unique brand identity and value. Sadly the Exeo undermines this significantly as being clearly an A4 with a nose and tail job (plus new steering wheel). Hence the launch of this car may be an expedient decision, but not one that is in the best long term interests of the brand (assuming the brand has a long term future, which is, perhaps, another question....)