I was thinking about replacing my
I can't find it now, but there were rumors that the Ultra will be updated every other year and that there won't be a new model this fall.
I was thinking about replacing my series 6 with an ultra as I use my watch as an workout/activity tracker first and a smartwatch second, so it would do well for me with hiking, trail running, climbing, etc.. I'm going to hold off, though, and see what happens in the fall. I might end up going back to a Garmin, even though I've using an Apple watch since 2017.
All that said, I have a running buddy that bought the Ultra to replace his Series 7 and Fenix, and loves it.