During introduction of Hardware Model v2 the current <normalized_board_target>.yml file was discussed.
To minimize the number of various yaml files in board folders, then the content of board.yml and <normalized_board_target>.yml should be merged.
This will also remove the need for duplicated content in both files.
Before unifying the files, then the content of <normalized_board_target>.yml must be cleaned up.
See also: #50305 (comment)
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