It won't be very fast transition, however.
Software houses aren't going to just drop what they are doing to port their software over to ARM. For the most part, they have multi year production cycles. The very 1st thing they will do is determine if it is actually worth their time to move the software to ARM. Is Apple going to sell enough ARM Macs to make it worth their time? I bring this up (yet again), because a lot of my PPC software didn't make the jump. It wasn't the big things (Outside of Adobe CS) - it was all of the little helper apps that made my production workflow more efficient.
Moving architectures means replacing every single piece of software on your computer. That can be expensive.
Version 1 will be ARM native, with very little, if any new features. Version 2 will be the next version with new features, which will be anywhere from 18 to 24 months after the release of Version 1. So, you would be looking at a 3 year window of nothing happening (or as we say in the Mac Pro community - 1,000 days between updates.)
ARM Mac software will come from the iOS side - fine if you are a media consumer, playing Candy Crush, or need that iFart app for your desktop. Software for folks that create will be slow in coming - if it comes at all. I am not expecting any of my mission critical software to make the jump, which is why I moved to a Win/Ryzen platform.