Next year is in one month
Given how much faster these new machines are compared to ones they replace, I am fairly certain the transpiled Intel applications would run faster than on comparable Intel processors. M1 contains specialized hardware to emulate x86 environment, it’s not a half-assed emulation like the one on ARM windows
At least one AAA game port is already announced and was demoed running natively. Other games will run under Rosetta. Again with a GPU that’s 4 to 5 fines faster, they will run better than on Intel Macs they replace.