For the price it was bought at €81, it is a very honest camera for what it offers.
The image is quite wide-angle to cover a space such as a yard or an entrance, but with the use of the second lens it can also be turned into a "telephoto" to monitor points from much, much further away.
For your information, there is no real zoom but essentially one lens has a magnification of 1X (2.8mm) and the other somewhere around 5X to 6X (probably around 10-12mm) and what it does is (fake) digital zoom to cover the intermediate magnifications up to about 5X where it switches lens and shows a real image from the second lens, anything above that is also fake digital zoom so that the manufacturer can claim it has 12X zoom.
Also at night in zoom mode with the second lens, the IR beam focuses accordingly to "target" even further, don't imagine anything amazing, just one IR led is flood type for short distances and the other works like a lens for longer distances so they light up accordingly to adjust the lighting according to the distance we have set the camera.
The zoom is never automatic, wherever we set the camera, that's where the zoom and the angle it looks at will stay.
The automatic tracking of people and movement is among the worst I have seen, very often when, for example, a car or a person moves from left to right, the camera turns all the way to the left to frame it in the center, only by the time it does, the car has already moved to the center and is about to exit the frame to the right, so the camera, having lost tracking, remains looking all the way to the left.
Its problem is that, unlike other cameras that wait for the moving object to reach near the center of the image before tracking in the direction it moves, this camera, as soon as an object enters at the far left, immediately turns all the way left, thus losing both the direction of movement and the object, which eventually leaves the frame in the opposite direction to where the camera is searching.
Finally, the speed at which it tracks is extremely slow and there is no way to adjust it; if a vehicle or person passes quickly in front of it, the camera will not be able to turn fast enough to follow it effectively and will again be left looking in an irrelevant direction, very often in the completely opposite direction to where the tracked object ended up.
In short, the tracking is in a primitive state and shows that the camera is not just cheap but shoddy.
Also, if you leave it with tracking enabled, the mechanism that monitors the gears to know exactly where the camera is looking is not the best, resulting in the camera's home position changing little by little and over time it ends up looking somewhere else or obliquely at the initial point you left it, and you have to correct it again and again every few days.
I have noticed that this last issue is a general problem with Imou's 360 cameras as the quality control and construction is somewhere between a real camera and a toy from the flea market. The only Imou camera I have installed that you can leave alone for months to monitor and rotate around and then return with millimeter accuracy to the initial point you set it to monitor is the ipc-gs7e-5m0we.

The only useful thing this camera can do with movement is to be placed in a spot with a panoramic view and for you to check left and right when you are away to see if everything is OK. If you leave it to monitor the space by itself, it might chase mosquitoes or its own shadow, and at the critical moment when it needs to record something important, there is a very high chance it will be looking in the opposite direction.
Obviously, the nonexistent and malfunctioning tracking earns it minus one star in the rating.

At night it is quite sensitive and if there are 1-2 lamps on the street it can operate without IR, only with a color image like during the day, but not with the same clarity to see faces or license plates clearly, especially if they are moving. If we want, we can also activate the white LEDs that act as auxiliary spotlights.
The nonexistent details at night are not something I count as negative; no camera can, for example, read license plates on moving cars with just the light from 1-2 street lamps, I just mention it so that no one expects the "color night mode" to work miracles.

The menu, like almost all Imou cameras, is locked and nonexistent as they are intended for mobile users and not for proper security installation.
One can only configure it exclusively through the mobile app and the options it gives are very limited compared to other models.
There is no menu where you can enter the camera's IP and find all the settings and view live image, Imou has now abolished such luxuries and if you want live image you must have a PC with smartPSS or pay for the service package to have an Android device as a permanent monitor without interruptions. Minus one star for this.
There is also no option for static IP, nor for a second user, nor for changing the "motion sensitivity" depending on the distance, etc.
All "advanced" settings such as video codec, noise filter, brightness, auto restart, etc. can only be done through a computer and the SmartPSS program. Minus another star for the obstacles Imou puts in its customers' way.
The video resolution reaches 2880x1620 at 4096Kbps while the encoding is H.265, but the downside to all the above video features is that it records up to 15fps, it can't do more.

Obviously, this model is intended for simple installation without too many requirements and customization, so some care is needed in choosing the spot where it will be placed.
If you consider it as a fixed camera with very good 2880x1620 resolution, manual zoom capability to monitor remote points, you want to check the area remotely from time to time (also manually), the price suits you and you use it in combination with other fixed cameras, then get it, it's fine!
But do not rely on it at all to do tracking following suspicious movement and record it as well, it is too risky to use as your only or main camera to monitor your space!

Update:
After several months of normal operation, it started disconnecting every time it moves, the live signal is completely lost both from ethernet and wifi for 10-30 seconds, although fortunately recording continued to work.
It was returned and replaced with the same one under warranty, but the telephoto lens on the new camera focuses somewhere at 10-15 meters instead of infinity as the previous one did.
I imagine it's easy to focus correctly, usually the lenses on these cameras are screw-in and probably just need a little twist to reach the correct focal distance and see clearly, but to do that you have to open the camera and lose the warranty.
I don't care much about the distance beyond 20 meters so for now it remains as is.
New problem I discovered: when you enable the Imou cloud service and cloud recording and AI assistant for face, vehicle, etc. recognition, the camera freezes completely every 10-20 hours and you have to unplug it to get it working again!
Of course, the cloud was disabled and it works fine again.
From what I understand, this camera is a bit like the Joker, at the factory they must have no quality control at all, it is probably just a cheap Chinese mass-produced product.
Stay away!