For me, the most critical number/percentage when it comes to gaming on the Mac is the conversion of more Apple users to gaming. The Mac is absolutely more capable than ever when it comes to gaming; there is no doubt about that. My M2 Mac Mini was great, but my current Studio is better. Even an MBA is decent.
The issue is that developers will not be interested in Macs unless the number of gamers goes up significantly. I see the opposite. Although new versions of games have historically been available for Macs, there is no longer a Mac version.
I just looked at the Steam survey, and the May stats are out now. Windows is 96.21%, Linux is 2.32%, and OSX is 1.47%. Linux installs are growing faster than OSX, and although the overall percentages for installs on OSX/Linux are small, the difference between the two is still a sizeable number in favour of Linux.
I believe the tiny reduction in Windows, if not due in part to uninstalls, will likely go to Linux rather than OSX. Hardware options are likely the main reason for choosing it.
We all know that people who own Macs in whatever form don't purchase one for gaming as a first use. Those installing Steam on M-chip devices see an opportunity for their Mac to be used for gaming as a subsequent use case. It is excellent that it's more capable for that purpose.
The OSX share is growing slowly. But is that actual growth, or are existing Mac users simply upgrading? I suspect the latter. Still, it's a good sign, but it has limited value.
So, a long-winded way of saying Macs are way more capable gaming machines. However, Mac users are still not 'embracing' gaming in a way that will improve it by seeing the number of available titles being offered increase vs what is available on PC.
Maybe the release of these new Snapdragon Elite based devices for Windows machines will help change that. I don't know enough about the technology. Perhaps if we see Windows users starting to move away from Intel/AMD devices in favour of these new and also ARM-based devices, it will see games being developed more in that direction and, by default, bring more to the Mac.