I bought the iPad 10 a few days ago. I had the Air 3 until I traded it in to Apple.
The Air was not a smooth experience for me. I got it in 2019. It worked fine for the first couple of years, but then it went downhill. The worst issue, was that the screen became progressively less responsive. Toward the end (I traded it in in October of this year) it was a real hassle to use it, I kept having to click on things multiple times, and often it just wouldn't work until I restarted it, other times, I had to wait like literally 1-2 minutes before it would work again when it got hung up on my simple attempt to click on a link, or yt video.
The other issue was some kind of weirdness in logging in - it wouldn't allow me to put in a password, instead would ask for a text scan - I had to work around it to trick it to get my password in. A royal pain.
I took it in to the Apple store, and sadly, they were useless - all they did was to wipe out all my data (most of which I of course backed up before I came in) and re-install the OS. That did didly squat. The lady helping me literally didn't know what to do when that didn't work, straight out of ideas. So I took pity on her and just walked out of there muttering "it's OK, I'll manage" - she was very relieved. I traded it in, and was glad to get anything for it - I warned them about the issues (and they had a service record), as I was not about to sell it to someone and saddle them with such an atrocious device. So good on Apple for at least taking it back for credit.
So that's my experience of the Air. I realize it's the 3 and not the 5, but can't say I'm enthusiastic about paying a fortune for a product that might collapse after a couple of years. At least with the 10, I got it pretty cheap at $349, so if it goes south, no big deal. I'll take my chances.
I have only had the 10 for a couple of days (I got the blue one), but so far I'm rather enjoying it. I wouldn't pay for the Air 5 at this time. That said, I have a special purpose for the iPad 10 (to serve as a controller for the Music App on the M2 Mac Mini server I have), and for actual daily use of iPad, I'll see what the 11" iPP will bring to the table next year. But the Air 5 - no thank you, ain't never buying another Air. Basic iPad for special purposes, or an IPP for a daily driver. YMMV.