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At this point, if you need to run Windows or Linux, just buy a separate machine. That's my situation right now.
Not everyone wants two machines and for Linux you can probably just run an ARM build in a VM (assuming you are not just using Docker).
 
As far as MacBooks are concerned most of your original points are moot. There are still desktop Macs that can be configured with more GPU power and while 64gb of RAM is enough for most uses, the 2020 iMac supports 128GB and the Mac Pro supports over a terabyte.

While Parallels may support Windows 11 on ARM running in a VM on a Mac, Microsoft does not and has no plans to.

I expect Apple to make quite a big splash in replacing the Intel iMac 27 and the Mac Pro.
 
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Well, now you don't have a choice.
A team is working on bare metal support for Linux on M1 Macs so you will be able to boot to Linux on an M1 Mac eventually. For what I need from Linux, Docker for Desktop and Ubuntu Multipass works well. I don't need to run Desktop Linux apps. MacOS desktop apps cover my needs.
 
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