... I am sure this will be an advantage to Apple - customers, not so much. This is about cost control, not performance.
... AFA Intel Macs, anyone paying full price for an obsolete piece of hardware isn't very smart. Intel Macs literally have no future. ...
So, which is it? If the new Macs don't out-perform the Intel Macs, then it seems they have much more of a future than if not, right?
And how likely do you think it is that Apple can beat INTEL, the primary designer and manufacturer of CPUs in the world, at their own game by 2x to 4x?
Just having smaller instructions in the CPU that can each execute quicker doesn't make the overall computation faster, necessarily (since you end up needing many more operations to get the same thing done). RISC has been around a LONG time and is pretty well understood. I'm not sure it's the panacea some here seem to think it is. Although I will admit to being intrigued at the possibility of iPad and Mac apps being somewhat interchangeable.
I think it is extremely likely. I've heard from enough relative-insiders to understand Intel has a problem much bigger than technology alone. But, the bigger deal is that Intel is tied to legacy, while this frees Apple to control the whole game, including lots of specialized silicon to do things like the T2 does for video encoding. (Or, I earlier gave the example of what Sony is doing this year with the PS5 and storage speeds, and the implications for game-changing the platform... pun sort of intended.)
The bigger problem Apple faces is getting software developers on-board. But, if they can deliver the performance, I think they can pull that off. Apple is no longer the bit-player of the past with no real influence. Yes, they have a lot of real, stubborn bias to overcome. THAT is the main issue. But, I think they can do it.
As far as RISC vs CISC, I'm not a chip designer (though way back in my past, I have an electronics engineering background), but I've talked to some (and read some, even here on this thread!). In my younger days, I roomed for a while with a PhD computer scientist who taught at Ohio State and worked at Intel, among others. While maybe that knowledge is outdated, he was pretty opinionated about the RISC advantage. We used to get into conversations about it.
Every computer ever made literally has no future -- It's just a matter of time frame. An Intel Mac purchased today easily has about a three year window of viability, I think. Could be longer, but it almost certainly won't be shorter than that.
I think that is the problem, though, for those concerned (including me, a bit). When I bought my first Macs, I'm pretty sure I kept them for roughly 10 years. As time has gone on, that seems to have shrunk to a more realistic 5-ish years. The main driver of that is software/OS. Now, we're saying it might be 3? A multi-thousand dollar Mac isn't an iPhone we just swap every few years (and I don't even swap my iOS devices that often).
I think Apple has to properly support the Intel Macs for a minimum of 5 years, hopefully more. If they don't, it will be yet another black-eye. Maybe they don't care... we'll see. But, the good news is that they seem more aware of that these days (cf. keyboard, cylinder Mac Pro, etc.).