I also hate the Apple tax and absurd markups + non-upgradable RAM and storage but this is the way it's been on Apple's laptops (even Intel) for several years now.
I recently did buy an M1 Mac (16 gigs of RAM and 256 gigs of storage) via a friend at Apple via their friends & family program. Been using it a lot since 3/26. It's not my primary machine so 256 gigs of storage is fine. I have no connectivity problems and no probs yet w/3rd-party apps but it's not like I'm running much beyond a bunch of web browsers (including Tor Browser that's Intel only right now), Thinkorswim desktop client (also Intel) and Google Earth Pro (Intel).
I use a wired keyboard, wired mouse + wireless mouse w/USB dongle and wired Ethernet.
Machine works fine and is very fast and quiet running two monitors. The second monitor is attached via
https://www.monoprice.com/product?p_id=15758. I can't ever hear the fan but can feel a tiny bit of airflow out the back. I have the unit hooked up to a Kill-A-Watt and when idling, it tends to only pull 7 to 8 watts.
In comparison, my work issued MBP 15" 2017 vintage gets hot and fan noise is quite audible, esp when an external display is attached. I use that all day long every day I'm doing my day job (most weekdays).
I assert that Apple will support M1 Macs as long as (likely longer) than any Intel Mac that came out prior to M1 Macs.