Why do we have to be limited by max if all we have to give up to get ultra is little bit more thickness?
Unfortunately, it's not just a "little bit more thickness".
If Apple were to deliver an Ultra MBP, they'd want it to run high sustained loads without throttling, and with relatively quiet fans (i.e., no more noisy than what you'd get with an Ultra Studio)—otherwise, what's the point? No use in delivering a compromised machine, particularly since anyone shelling out for this to get an Ultra's performance will not tolerate any compromises.
Heck, even the Max Mac Studio doesn't have sufficient thermal disssipation for an Ultra chip, which is why they had to give it a much more substantial heat sink. So, given that the Max Mac Studio (volume = 3,687 cm^3), can't handle an Ultra, hopefully you can see that that something with just a "little bit more thickness" than a 16" MBP (volume = 1,483 cm^3 including display and battery, which don't contribute to SoC heat dissipation) would not work.
Instead, for a portable Ultra, you'd probably need a chassis at least the size of the Falcon Northwest DRX laptop (volume = 4,992 cm^3). And before you protest that this is more than the volume of the Studio, please note, again, that a lot of the DRX's volume is the battery and the display.
And this laptop is 1.5" thick, which is over twice as thick as the 0.66"-thick 16" M5 MacBook Pro. That's hardly what anyone would call 'a little bit thicker'!
The Falcon DRX Desktop Replacement laptop is one of the most powerful notebook PCs in the world. It features up to Nvidia RTX 5090 graphics with an Intel Core Ultra 9 24-Core CPU.
www.falcon-nw.com
Hence I'm just wishing man. What's got to lose for wanting more?
Nothing wrong with wishing, so long as you know just what it is that you're wishing for!