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Surely this greater choice is a good thing?
You don't have to buy bikes with those features if you do not want to, so the solution is incredibly simple - dont buy one.
The fact that they are available to buy for those who do want one is an excellent state of affairs, and not remotely lamentable. If you don't like it then you can still buy quality bikes without those features, often at surprisingly keen money from even custom builders.
I don't have a mobile phone. I see no need for one, and do not desire one in the slightest. Neverthelss, they are out there, and even cheap ones have a ridiculous level of sophistication, yet I cannot say that personal communications has totally gone wrong just because they don't tug my rug. As long as we still have the right and ability to choose then things are very right, not at all wrong.
I feel very grateful that I have zero interest in buying any of the modern bikes I have seen. I definitely don't need more bikes I desire!
If just from a selfish point of view, I would want as many people as possible to focus on modern bikes, in the hope it made the bikes and parts I like easier to find/cheaper. However, from a sustainability point of view, it bothers me that people buy (probably the cheaper end of the market, I guess) modern bikes with an acceptance of them becoming obselete. This is far from unique for bike, phones, as you mention, are another excellent example.