One thing that people don't seem to be considering is that this is most likely to be driven by a hardware change rather than just software... i would put good money on the A11 being a 64bit only CPU freeing up space on the die for extra cores or GPUs where the 32bit instruction sets used to live.
A 64bit only CPU means that the OS and everything it runs also needs to be 64bit only, and as all iOS 11 supported devices now have 64bit CPUs then it makes sense to switch to 64bit only across the board and reduce the complications of supporting 2 completely separate branches of the OS code - one with 32bit, one without.
64bit app support was introduced in 2013 and it has been mandatory for app updates to be 64bit for the last 2 years which means any 32 bit apps still around have been "abandoned" for at least 2 years and 2 iOS releases making the risk of API changes breaking them increasingly high even if 32 bit support wasn't being dropped.
It'll be sad to see some of my old abandoned apps fall by the wayside but the technology moves on and we have to move with it or get left behind.
This is a good point, now I too wonder if the A10X on the new iPad Pros coming next week will also be 64 bit only or not
Also, I am still amazed at how my laziness to update my iPad Air all these years was a right move after all; it is still on iOS 7.1.2 which also gives me the option to jailbreak without any issue.