Apple has arguably worked itself into a corner; that the iPad, once marketed as a consumer product for the masses, now has variants with solutions that are looking for problems.
If you work from the use-case up, then a ‘regular’ iPad is just a great do-it-all device. But this strength comes from the fact that, as Apple itself has reiterated many times, it’s a single app experience. This is contrary to the multitasking, but I’m guessing that they are referring to the fact that the device defers to one app at a time - and for many tasks I would argue this is nice.
Equally the software is largely high quality, reliable and easy to use, which is contrary to Android. So for general consumers who just want a mobile device for consumption and specific tasks, it’s an ideal product.
The problem with iPad Pro on the other hand is that it doesn’t solve anything.
Better camera - Use the iPhone in your pocket, not that the camera in the regular iPads are at all poor.
More storage - Cloud sync, or use a removable storage drive via USB-C.
M1 processor - Nothing is taking advantage of it. Besides, anything A12 up is zippy fast.
Mini-LED display - Useful for some creative workflows, but that implies that ‘pro’ user would seek out this iPad over a Mac with mini-LED.
And this is all without considering iPadOS.
Unless Apple adds some form of ‘pro mode’ toggle in the Settings to activate a glut of new features that bring it more in line with the Mac, then workflows are barely going to improve. Apple is walking a fine line between alienating general consumers - young people, elderly and more - who just want to perform basic operations, and those who insist on greater functionality. I actually understand Apple’s hesitancy, though this is not true for their reluctance to offer the above solution.
Therefore, one must come to a few decisions. The iPad Pro is a mobile device; what specific scenarios would you rather have this in your bag than even a MacBook Air? Is it worth spending all this money - plus a Magic Keyboard potentially - when that money could be put towards something a lot more capable?
Honestly, I feel that if any ‘pro’ had an ounce of sense, they would just get a base iPad or maybe an older iPad Air and call it a day. The money saved could be put towards a nice MacBook, Pencil and other accessories.