Being back in college, I could get the M1 Air for $899 when it first came out through the edu store. I traded in my intel MacBook pro and got $750 credit. That made the M1 only $149. And since it was an instant trade in, the tax was only on the 149 and not the full price. And using my Apple card and instant trade in, it basically made the M1 Air for me 12 months at $12.41 a month. And I got the 3% apple cash back. And with a phobio problem that was indeed a headache and a half, I actually got a little more more than $750 credit, think it ended up being $775 so basically the Air for 125ish.
all that to say, I have watch a lot of the new videos, excited like everyone else, but still happy with my M1 with no remorse. I do wish it had a bigger SSD instead of 256 but I went with that knowing my imac with 1tb has everything. The power sounds fancy but in real life I surf the web, check email, a few spreadsheets for youth ministry, photos a little, a couple of short videos clips a year for church kids camp. the 'biggest' power I need is my Logos Bible Software for sermons, lessons, and school research papers. it is about 70gb of books and digital research, but by no means needs anything extreme.
all that to say as others have, I'm another who feels that my m1 air was a very very wise move--esp considering I traded in and upgraded for less than $150.