I assumed it would have Thunderbolt 5 ports (and Wi-Fi 7) but I guess that eats away at the profits.
apple has 'trapped' Wi-Fi 7 into their N1 chip. It isn't so much profits more so than where production and how many changes would ripple into the MacBook Pro at the moment.
Thunderbolt 5 isn't 'free' in terms of space. The plain Mn is the smallest die.
Likewise on AV1 encode... I think it's going to be an important feature, and the M6 may be a larger jump next year.
Ditto. encode takes die space. I wouldn't hold my breath. There are lots of other functions units on the plain Mn die competing for area/space and the die size is relatively fixed.