This is a random screenshot of my Memory info in Activity Monitor on my 16GB M1 MBA with the machine at idle (but a few apps open). All I was saying is that an uninformed observer would see "Memory Used 10.25GB" and assume that they needed more than 8GB. Memory is complicated which is why Apple gave us Memory Pressure.
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Yeah, it is complicated, but the 8GB doesn't magically turn into 16GB on the new M1. Yes, the management is better, more efficient, the memory is faster and used for more things... but 8GB is still 8GB.
Here's a screenshot of my entire Activity Monitor screen. As you can see, only Safari (with several tabs, including Prime Video) and Firefox with just one or two tabs, is what is causing my 8GB machine to suffer with yellow levels of RAM compression. This is not always happening, but it happens. And when it is green, it is pretty high as well, using a big amount of Swap memory (which uses the SSD and we all know what happens if you're constantly writing gigabytes of data each day on a rather small SSD).
In my case, honestly, I'd like to get the redesigned MacBook Air in 2022 (because this year we'll only see the MacBook Pros redesign, according to analysts), but that means being 2 years with a machine I won't be 100% satisfied with. Also, I am not sure if in 2022 I will have the income to sell this and get the new one. Also, maybe the new MacBook Air doesn't come with a 3nm M3 but rather a slightly improved M2, a minor upgrade. And being the first model after a complete redesign, there may be flaws like the 2016 MBP keyboard, or the 2016 flex cable, etc. I'd rather wait a few iterations of the new redesigned MacBook Air, and get the machine at the best moment.
If I want to wait 3 or even 4 years with this machine, I want to be happy with it. And that's why I am returning my 8GB/256GB MacBook Air and getting a 16GB/512GB MacBook Air.