I bought the 14" MBP - mid level model before the M2 was announced. Not right before but some time in early 2022.
I paid 2,500 dollars and for my needs I'm not using all of the processing power. I think for many people the MBA offers a fantastic deal. I understand that Apple bumped up the price and its appeal decreased because its a bit pricier but for what I can see, you're getting a fantastically fast laptop that rivals the MBP in many respects.
the 14" MBP has a lot going for it, but it really depends on your use case, for mine I think I could have been very happy with it. I believe the MBA is still one of Apple's more popular options. Just going through a configuration, I could have had one for 1,800 bucks instead of the 14" MBP for 2,500. I don't know about you, but I'd rather have that 700 dollars in my pocket then apple's