It would not matter. Apple is selling "Apple Silicon" that happens to have a few Arm CPU cores bt also a ton of other stuff. It is that "other stuff" that makes Apple Silicon usable.
...although virtualisation can't run x86 code on ARM, it can (and does) emulate "other stuff" - just as the guest OS working on your Parallels VM sees a SCSI/SATA drive instead of the virtual disc drive, a specific brand of network interface, a "parallels" GPU complete with 3D acceleration etc. So it's quite possible that the ARM Hypervisor could emulate a Windows 10 ARM compatible system, even if it can't emulate an x86.
A WINE-like approach might also be possible - basically running Windows ARM binaries, trapping the system calls and translating them into Mac equivalents. There was an ARM version of WINE in development in the WIndows RT era.
The question is, would any of the people who actually need to run Windows on their Mac actually be satisfied with the ARM variant of Windows - ANS: probably not at the moment - I suspect most of the must-have apps are x86. If ARM windows grows, then maybe, in the future.
Also, if MS is serious about extending Windows to ARM then they're going ti want to support Mac: a few months after the first Apple Silicon Mac launches, the Mac is going to be the biggest ARM-based personal computer in existence and will rapidly outnumber Surface Xs and the other handful of ARM Windows machines...
So there's really several possible routes to running windows on AS that
could emerge over time, although I wouldn't expect them on day one:
a ARM Windows in a VM
b Something like WINE for ARM (ARM Windows again)
c x86 Windows under emulation in QEMU or similar (probably OK for less demanding apps)
d Windows x86 instances "in the cloud' via remote desktop
... I suspect Parallels are going to offer all, some or fewer of those.
Or, just get a cheap PC...