Actually Apple, after announcing the transiton to Intel in June 2005, introduced the first Intel iMacs in Jan 2006, only three months after they released new iMac G5s in Oct 2005. They won't wait a year to release AS iMac. They discontinued the last iMac G5s after three months. These newly released Intel iMacs can meet the same fate this time too.
In 2005 , Intel had a complete line up of CPU processor products. (in 2004 same thing. 2003 again same thing). Intel was going to have a complete line up in 2006 whether Apple moved over or not. Intel had reference boards for al the major system type variations also ( working laptop, desktop , workstation reference implementation boards )
2020 is not 2005. Apple does not have a complete line up of CPU processor products right now at all. The newest iPhones get a new processor each year, but that is about it. The majority of the iPhone product line up consists of "hand me down' processors. The majority of the iPad line up consists of "hand me down" processors. (only the iPad Pro regularly get "new" ones. Un early 2020, it didn't really even get that. A12Z was a A12X die with a core turned on rather than off. ). The iPad Pro's have only gotten new updates on process shrink ( so on a 2-3 year cycle).
There is no track record of Apple highly concurrently doing a wide variety of new SoC all at the same time at all. So the notion that "this is almost exactly like 2005" is relatively bankrupt. There is lots of wishful thinking that it might be like 2005, but truth is that Apple is jumping to an unproven vendor at this point for this task of covering the whole Mac line up.
Apple just released a 2020 iMac 27". There is zero pressing need to obsolete that in less than 3-6 months at all. This system just jumped to the T2.
The other issue at play here is that Apple is jumping to 5nm later this year. Doing much larger dies on a brand new process is asking for trouble. There is no good reason to put Macs at substantively higher risks.
2005-2006 also didn't have a global pandemic either. The 24" iMac intel could have quite easily been decoupled from the 26" iMac Intel in the release process. The LG Ultrafine moved to the 24" panel last year (off of the 21.5"). Again the current iMac getting off a panel that "nobody" buys anymore. (not that there every were lots of 21.5" buyers).
Apple gave themselves two years. They can use it and have not broken any "promise". Last time they could lean on Intel to do major work for them. Major rumbling at the time is that the Mac Pro logicboard was largely intel with minorApple tweaks sprinkled on top to justify the "designed in Cupertino" badge also slapped on. There is lots of dotting i's and crossing t's that Intel did for Apple on last transition that Apple will have to do themselves this time. A "Big Bang" transition where it is all done in a handful of months is unlikely. It isn't impossible ( this is usually where folks hand waving at the Scrooge McDuck money pit and saying Apple is just going to throw buckets of cash at it to make it go as fast as possible ... no expense spared. ), but it isn't likely.
Neither is Mac SoC's being on a bleeding edge iPhone Pro like cadence going forward either. If Mac SoCs are going to have 18-24 month iteration cycles then it doesn't make any sense to tightly couple the whole line up together. laptops and desktops playing leapfrog would be a better stream of newer products. ( not like the iPhone market where can just trot out 3 year SoC to hit lower price points. )