For me, an ATV is a tool used exclusively for early and late season ice fishing. It wont move from it’s corner of the garage the entire off season. I don’t trail ride, I don’t need it for farm/ranch work. I don’t want/need an $8-10k rig sitting idle for months on end.
My 4×4 400cc sized machine does everything I need plus way more. I have yet to even get halfway close to pushing it’s limitations. It does not have power steering (PS is probably more useful for trail riding or those with tracks). I can drive/steer one handed, it’s not tough. In 4×4, the thing will actually go through some pretty deep snow with ease.
Like others have said, it’s lighter and much easier to get unstuck. It’s air/oil cooled which I actually like. No coolant to worry about changing.
The best part is, that it was new (warranty), affordable, and paid for. It was in my budget. Would a big 700 Grizzly be fun? Heck yes man! But for what I use mine for, it fits the bill absolutely perfectly and I have zero regrets.