Why is it exciting? They need to convince Adobe, Microsoft and other major developers to re-write their desktop apps, or will they just port their iOS apps to the desktop?
Exactly. Probably Abobe and MS will rewrite their software for the new chip. But there will be lots of specialized software that will not be rewritten, probably running slowly and poorly in emulation. One advantage of Mac over iOS is the wealth of software available, almost (but not quite) on par with Windows. I can see many people migrate to Windows out of necessity.