I have been following Apples progress in chip making for a while, I have educated myself on the technology behind it and I have both read tests done by some very smart people and run some test on Apples mobile chips myself. It’s not that difficult to extrapolate the worst-case expectations for M1 from there.
Based on my experience, I believe that many people are still completely oblivious to the significance of what happened yesterday. Apple has just redefined the base level of the personal computing. You will probably see when the reviews come in and Apple’s passively cooled Air will outperform all the premium 13” laptops based on latest x86 chips.
As far as x86 “emulation” goes, I have outlined an efficient way how to do it on these forums probably over a year ago. Rosetta 2 does exactly what I had in mind. The technology behind it has been there for many years - it’s called LLVM. All Apple needed is smart logic switches in their chips that would emulate the behavior of x86 CPU to get the semantic right 100% of the time. They did it with M1.
All I'm saying is if you're gonna count on something working do your research. I know pro audio is a big no no for now on apple silicon; because you have plug-ins from multiple companies that have to work together with a daw; and there's no way you're gonna be able to mix and match native and emulated. I can assure you every architecture change with mac (powerpc to intel; 32 bits to 64 bits) has been an absolute MESS; and each time it took years to get to a point where you could switch and keep a similar workflow (and always you had to lose one or two plug-ins that were never updated).
As for the significance of the switch; it's not the first time; if the performance is there cool; and if it can run cooler and quieter; that's cool too. but I mean we'll see. Honestly I'm usually working on 5-10 y/o high specs machines; and I know maybe in a year or two the path forward will be buying an used intel 16" from last generation; so I'll see about a mac arm in maybe ten years; I expect by then all of this will be sorted out.