If you look at the footnotes on Apple's M1 pages, almost all of Apple's own specific processor tests are comparing the M1 in the MacBook Pro to:
* 1.7GHz quad-core Intel Core i7–based 13-inch MacBook Pro systems
Which is the outgoing MacBook Pro 13" 2-port model with the i7 upgrade.
And the M1 in the Air to:
* 1.2GHz quad-core Intel Core i7–based MacBook Air systems
Which, again, is the outgoing highest-end MacBook Air model.
Apple's presentation was really light on specifics, and those graphs were awful, but they have been a bit more transparent with their benchmarks than many have realised.
These Cinebench scores look amazing. The M1 has awesome single-core performance. It seems like you have to go look at desktop-class chips to beat it.
For multicore, the efficiency cores are not going to be helping that much in these kind of benchmarks - for performance workloads, the M1 is effectively a four-core CPU without hyper-threading. People comparing it to a 4800U or similar (which has eight cores and sixteen threads) are being a bit unfair. Wait for an M1X with eight performance cores and come back.
And every time I have searched for a laptop using Zen 2 that has a decent high-res screen and a good keyboard, they have been thin on the ground. The Air and Pro are just a click away.
The only things holding me personally back from getting a new Air are the small performance loss against the Pro (which is dumb, because it would still be significantly faster than my current MacBook Pro, pretty sure!), and the hope that we'll get a 4-port Pro next year with an even more powerful chip.
This is a massive game-changer for the PC industry.