I understand there are other benefits to newer Wi-Fi standards than higher bandwidth capabilities. Lower latency being one of them. Lower power consumption for devices is another.
Yes, there are other benefits, but they are incremental for most people in real world usage.
802.11g was a huge jump over 802.11b.
802.11n (WiFi 4) was a huge jump over 802.11g.
802.11ac (WiFi 5) was a huge jump over 802.11n (WiFi 4).
802.11ax (WiFi 6) is an incremental jump over 802.11ac (WiFi 5), and one that wouldn't really make much of a difference to me in the real world. My primary Mac is a desktop so it's wired Ethernet anyway, and I don't need massive speeds for my iPhone and iPad. I do have a Mac laptop, but I don't move huge amounts of data back and forth over WiFi on that either. Battery life on WiFi hasn't been a significant concern either.
Really?!?! I would think you would need a much more modern router to get well over 500Mbps. 10 years ago my internet hardwired into my Mac was like 10Mbps. I don't think any WiFi was that fast back then. Then again I didn't have a 2022 iPhone to test it with and my cable provider didn't provide internet that fast either.
EDIT: Just saw your image post above. Freaking amazing! Wouldn't have thought the old a/c standard could do that.
I usually only get those 300-600 Mbps speeds on 802.11ac if I'm in the same room as the access point, but I still can get decent 3-digit Mbps speeds one room over or one floor above unless there is a ton of stuff in the way, so I have strategically placed my WiFi 5 access points with this in mind. For example, I have one AirPort Extreme in my home office, and I have AirPort Extremes one floor directly below my daughter's bedroom and one floor directly below my son's bedroom.
For this test I was standing in my son's bedroom, with the 802.11ac / WiFi 5 AirPort Extreme one floor below.
(My internet maxes out at 600/35 which is why my upload speed is so much slower.)