I personally wouldn't have too high hopes for the instruments themselves. They're Fender branded, but only one of the three is solid wood. (and the pun for the koa laminate "Koa Nohea", yes, koa no there ha ha. I get it. It's a laminate..) And they're going to be the same China/Indonesian made things we might normally scoff at a bit. Though they might have a bit higher playability than most depending on Fender's Q&A. And they may end up being a decent starter value. But I don't think your UAS will be sated with a Fender. Like a Martin S-O, you're still paying a certain premium on the name alone.
Even so, I may have to wander into a GC at some point towards the end of the month to see one in person. I doubt that I'll be coming home with one though. I mean, I like Fender and all. My main electric gigging guitars are/were Fenders ('66 Mustang & a '96 Vista Series MIJ Squire Jagmaster with handwound pickups.) but the company itself has never really been known for acoustic instruments. I'm skeptical. I mean, they make guitars up the wazoo and have sources and suppliers, but couldn't offer a solid spruce top?
But what does intrigue me personally is that Fender thinks there is currently enough of a market for tenor ukuleles that they starts offering them. That says a lot.