People will be equally disappointed with this car like they are with the city. It's a lower segment car like the city. Only things that probably will go in favor of this car compared to city are softer suspension and the air bags.
Other than that even though current city is now 10 years old but still is better looking car and handles better. You add airbags and softer tyres and city is a perfect little sedan for the cities.
None the less vios launch will or probably have already put pressure on Honda to bring the latest generation of the city. But keep in mind new gen city will probably still have hard suspension like the current city.