I am still using my 10.5 Pro and this July it will have been half a decade since I bought it. I love ProMotion and quad speakers, so I would prefer to replace it with an iPad Pro, but I think the price is exorbitant. The Pro iPad has always been less expensive than the Pro iPhone, because the iPhone is needed more, people usually use their mobile phones far more than their tablets and Apple priced it accordingly, knowing they can't charge the same amount for devices than do not have the same use case. Now they will apparently change this and charge for the iPad Pro more money than for the iPhone Pro, which to me is not acceptable as my use case is such that the iPad doesn't do nearly enough for me to warrant this kind of price.
Right now in my country (in the EU), due to some currency changes over the last couple of years, the iPhone is more affordable than ever. Buying a top-tier iPhone has never been cheaper, and for the iPad Pro it's going to be the exact opposite, which makes no sense considering the changes implemented in the iPad Pro since the redesign in 2018 are not at all substantial enough to deserve a price hike. The iPad has had ProMotion since 2017 and USB-C since 2018. It has been overpowered since 2018. It has had the same design since 2018. Other than miniLED / OLED, what has happened to the iPad Pro to warrant the price going up for the last few years? In my opinion (and for my use case for sure), nothing.
If they release the 11 Pro with an increased price, my first step will be to replace the battery in my 10.5 inch, to see how the tablet handles iPadOS 17 with new juice. If it does well enough, my next iPad purchase will be two or three years from now, if I don't buy a Pro Max in the meantime. The only change to this plan could happen if by some miracle the Supply Chain CEO decides to put ProMotion into the iPad Air, in that case I will buy it.