It is 6 months to a year away going by most estimates and at that point there will be a rumor/leak of the next thing. You can wait forever for that next big thing or enjoy what is available today. Your choice.
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Mac Studio Still Facing Up to 10-Week Shipping Delay Nearly Six Months After Launch
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As soon as they release a 27inch iMac this thing will go the way of the cube. Most people that want a desktop also want a decent screen and the iMac offers much better value in that regard.
I personally find a better value in the Mac Studio. I can use the three monitors I prefer, all of which are larger than the 27 inch iMac screen, and adjustable height/on ergonomic arms. I do not need an additional screen. The way I have them mounted also takes up less footprint space than the iMac, and the front-facing IO of the Studio makes it easier to add/remove something quickly if needed, vs reaching around.
There is definitely a significant segment that prefers the iMac, yes. But such a discount of the audience for this machine (think middle managers who want more than 2 monitors, and don't want to take u desk/storage footprint of a laptop docked all the time) seems premature.
Really...
Will the upcoming 27" iMac have six (two on front) Thunderbolt 4/USB-C ports, two USB-A ports, a 10 Gbit ethernet port, and HDMI port?
If not it wouldn't meet my needs, nor those of many others.
I already have a BENQ 32 4k monitor that cost me 2k. No need for the iMac screen... I would instead just get a desktop, and the Mini doesn't fit my bill, but the Studio does.
I got the Ultra, and honestly, I don't need this much power. I do video, but not 8k, just 6k and not Multicam. But, I am set until Apple Care runs out!
I have no doubt that there is a large audience for the iMac 27" vs. the Mac Studio; I'd be surprised if the product was permanently discontinued. However, I have trouble believing that there is much of any audience for the *iMac Pro* vs. the Mac Studio. Pretty much everyone I know who shelled out large sums for the former eventually regretted it, and would strongly prefer the latter product. These are non-creative professionals with significant computing power needs that push the thermal limits of any portable form factor (including the MBP M1 Max), but not so extreme that a 6-10k Mac Pro is necessary.
No problem, I’m going to wait for the next Studio then. My M1 is already great, I just need more ports and more onboard storage.
I need one of these as I seem to have a reoccurring issue of killing laptops with ...spills. Even when I get one of these, I am placing it on a stand. 
Maybe that is why they used the word hybrid?
Besides, your definition of "real" is just as much of a dream. The only thing that is real is whatever device Apple chooses to call a Mac Pro. Their product, their rules.
Can you speak for every professional who might need this Mac? I don’t need it, but I don’t do anything “professional” with my Mac.
I'm betting they've got yield issues. The Ultra is basically 4 M1 pros on the same die. If the GPU is partially faulty on any one of the 4 dies, then you might get away with disabling the faulty cores and selling it as as the entry-level Ultra, but if there's too many faults, or faults distributed across too many dies then it's basically unusable as an ultra. You might be able to cut the good bits off and use them as Pros and Maxes, which is why there's no major supply issues with those chips, but to get a viable Ultra requires a lot of things to go right that probably don't go right all that often. It's not like you can swap a bad die from the set of four for a good one and still sell it as an Ultra.
It’s not at all pointless if you really need to do work with it. If you’re just doing the gearhead thing, sure.
How much of this delay is due to the churn caused by the fan noise issue?
They may use the word "hybrid" but the Studio is just an overgrown mini with a much larger heatsink. Apple can choose to call a product whatever they want but it's the users that get to determine if it's really Pro or not.
yea but you only edit phone tictok videos and play solitaire. There are real working men here
It has been determined that the Mac Studio is for real a Mac Pro. We users had a vote last night.
This doesn't make sense. I find it hard to believe they are selling out.
I have had my ultra since April (I had about 3/4 week wait). It’s been awesome
The wait for the base Ultra has been absolutely brutal. Put my order in two months ago and could have really used it as I've been busier than ever these last two months with video editing.
For the first time in a long while (with Apple) I feel lucky ... I had ordered the Mac Studio Max with added configurations and it arrived a few days early. I have no whine/whistle and only cool air comes out of it. It is everything I had wanted my M1 Mini to be.
If you owned one... you would understand.
Same with mine. I have to really listen hard to hear the fan. Also, no matter the compute/graphics load, the exhaust out the back might be 1 degree higher at the most over ambient. Far different than the 5K iMac I previously used.
It's a sweet machine.