The M1 11" Pro with 128GB will still be $799 post A15 Air launch
-There's no way Apple is offering an A15 128GB iPad Air with a 10.9" bezel-less display for $599, $200 less.
Think about it rationally for a second: iPads are waaaaaaay too similar already. The black Air and Space Grey 11" Pro are pretty much indistinguishable upon first sight. No way Apple is closing the gap between these two product categories even further.
This is Apple under Tim Cook -limitations and segmentation is abundant and ensures you always understand the difference between small(iPad 9 Gen), medium(mini & Air), L(11" Pro), and XL(12.9" Pro).
You are not getting key 11" M1 Pro specs in the baseline 10.9" Air for $599. No iPad will ever really compete with another iPad in terms of price and core features. It's all obviously segmented to make sure you only get everything and all the features you could want if you go with an iPad Pro.
Agreed.
Some people are thinking way too much from their perspective and not from Tim Cook's angle of "how do we make it a tough choice for consumers and extract the most profit?"