Yes. That would be my recommendation. Your laptop gives you access to the same games as a Series S (although, so does an Xbox One).

However, if you just want to have an Xbox. You might as well save and get the Series X. It'll actually be cheaper than the S over the course of its lifespan, and it's a more capable system. The Series S has abysmal storage. The storage upgrade is proprietary, so it's super expensive.

The Series S is also digital only. The Series X will allow you to find dirt cheap (sometimes free) games for way less than digital sales. Games that you can also resale or trade. If you find/borrow/trade for a few games that are otherwise $40-$70 digitally and add that to the $150 - $200 memory, then you've basically covered the $300 price difference. In addition, you have a better system.

I think the Series S is a cool system for its size and capability. But I think it's most effective in the hands of people who don't game much or have more than a couple of games stored at once. It might be a good, low cost gift from a parent to a kid who might be getting into gaming but isn't 100% sure. That kind of thing. For someone who games frequently and has multiple systems already, I don't really see the point in it.