The iMac has always been a great value to get into Macs and I think that a lot of folks are sad that they have to go the piecemeal route.
The 27" iMac was a great deal, we've bought a bunch of them. Still have two in the house right now. But in certain key areas, the iMac is falling behind, and this new Studio and Display aren't geared for the regular user, it seems like they are for Final Cut Pro offices. We do lots of work, but editing utube videos isn't one of them.
Foremost is price. Latest Studio stuff is way too expensive. $400 for a stand, on top of a monitor price of $1600/$1900? Just no. And the more powerful Studio box is $4,000. You can buy a stunningly powerful PC system for that, including a leading-class monitor. The Studio SSD prices are off the charts absurd. You can buy M.2 storage for a fraction of the price; for example a bleeding-edge Samsung 980 Pro NVMe SSD, 2 TB, is just $300. Studio is at least double the price. You can buy a very nice 4TB PNY M.2 SSD for $500. Mac Studio is more than double; 4TB is $1200. I'm starting to hate the markup.
5K is really nice. But OLED screens with HDR are way better for many use cases, including content, media, games. And 60 herz on Apple monitors is really starting to suck, wheras in PC-land they have amazing monitors pumping out 240 and even 360 herz. PCs now even have QD-OLED screens.
It seems like we're going through one of these cycles again where, unless you are a video editor, a PC may have more of what you need it for, at a much, much better price per watt/herz/gig/TB.