They sold the SE alongside the existing model, just like they sell the non-TB 13" MBP alongside the TB model, and just like the SE, the hardware is lower spec.
To me that was the surprising part about the SE: they actually used the same CPU and camera as in the premium model (6s). Other parts like the TouchID sensor and selfie cam are lower spec, but on the whole it doesn't seem like an artificially limited product to me.