My $0.02 ...
I own a 2024 LC 1958. In my opinion, 1958 and LC "Land Crusier" are the sensible options and represent a reasonable value-for-money. Yes, they are expensive but you get a lot of good engineering and high quality under the cabin. Anybody who wants a LC based on what's inside the cabin or the "looks" is looking for a wrong car. Get a Hyundai Santa Fe instead and save you some money. The real value of the LC is in the stuff you can only see when crawling under the car.
On the other hand, the First Edition was a gimmick to take money from those who have more money than common sense. First Edition absolutely doesn't make sense considering that you can get a Lexus GX for the same amount of money. Toyota knows that and that's why they discontinued this trim for 2025. It was a smart way for Toyota to milk money from those who have too much money and desperately wanted to show off.
I owned a 2008 FJ Cruiser. When the FJ Cruiser came out there were dozens of negative reviews about how bad the interior was, how badly it drove, how crude and underpowered was the 230hp engine, etc. But the FJ stood the test of time perfectly and proved the critics wrong. It still has the highest resale value and the best reliability record among all comparable vehicles. It was designed and built to deliver the best balance between capability, reliability and value-for-money - neither a flashy toy like Land Rover, nor unreliable like Chrysler's Jeep.
The LC will be exactly like that. It's not perfect, but it's the best engineering balance between what you can do for amount of money it costs. Off course Toyota could made it cheaper by cutting cost in the mechanics, but than it would be just another Wrangler or Bronco - fun but not very reliable or durable. Or they could invest the money saved on mechanics into a nicer interior with more "technology" and give us a Hyundai Santa Fe. Just don't expect the drivetrain to last over 100k miles.
The LC and the GX are a perfect pair. If you want the high quality mechanics and don't care about luxury or race car acceleration, get the 1958 like I did. If you want high quality mechanics, performance and a nice interior, get the GX. The new 4Runner will nicely complement the lineup by offering a lower cost option with some shortcuts like no Torsen central differential.
20 years from now, there will be plenty of 2024 Land Cruisers around, still running strong and worth a lot of money, while the critics will be spending money on their third Wrangler or Bronco.