There it is again if you peer past the plastic bezel. Don't peel this off. When two reviewers did, their Folds stopped working. Samsung is going to make sure that message is clear.
Before we worried about screens fizzling out, we wondered how much that crease down the center got in the way. You can see it, but it causes fewer problems than you might think.
Why is it so big? You can see that the two cameras lenses and sensors don't actually take up that much space. Likely Samsung wanted to center the cameras as much as possible.