Yep it could also effect other ARM chips. Hopefully they test other ARM chips too. But I think it would take 2 years for those chips to come ro marketAny attack that gains kernel access is potentially bad.
What's popular with real security professionals is chaining multiple attacks. So, combining zero-day remote exploit + PACMAN kernel attack. You can get a glimpse of chaining attacks at Pwn2Own. Time will tell if it's as bad as Pegasus.
https://www.zerodayinitiative.com/blog/2022/5/18/pwn2own-vancouver-2022-the-results
https://www.zerodayinitiative.com/blog/2021/4/2/pwn2own-2021-schedule-and-live-results
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