Yeah, some bizarre asymmetry there. I'd have preferred they just shrink the top/bottom bezels, similar to the Galaxy S8 or LG's V30. I can't see "the cutout" aging gracefully.
They said that you CAN do that, the screen is wider than 16:9 so normal content will already be presented with black bars on the side anyway and you never have the notch covering content .
Charitably, I assume if you’re holding the phone with no bezel, your thumb has to cover up part of the screen anyway. So it’ll cover that space.
Otherwise that’s the dumbest design decision I’ve ever seen them make on the iPhone hardware. It’s worse than the protruding camera that they STILL have.
I never hold my phone with my thumb on the top... I have it cupped into my palm and if I really need to "hold" it I grasp the sides. Why is your thumb on the front?