I am quite excited about these new ARM Macs.
A14s or A15s and beyond without the thermal (and ohter) constrains of phones or tablets are exciting. And the large number of iOS devices sold give Apple all the incentives, particularly financial, to keep them on the cutting edge. And while it is true that x86 is the standard "serious OS" platform, ARM is the standard "everything" platform so simply it isn't fair to say that Apple are setting themselves for another "Power PPC" lone walk moment.
Those SoCs also have pretty good GPUs in them particularly when compared with what intel puts out. Every Mac will graphically quite good while nowadays most of them are particularly poor. dGPUs are still available for the rest of the lineup. I do expect Apple to just stop relying on both AMD or NVIDIA.
Most people won't even notice just like most people don't know where the engine of their car is and which sets of wheel is it connected to.