No. Future releases will not contain any Intel code at all and will not be able to directly boot at all on Intel Macs. It is (and will remain so) possible to boot arm64 macOS on an Intel Mac using emulation on an X86 host OS.
The next conversation we'll be having is running a future macOS (probably 28) on unsupported Apple Silicon hardware, once the M1 series of chips are dropped. macOS 27 will certainly support all generations of Apple Silicon, but macOS 28 and beyond could drop support for M1 or even M2. I could see them dropping M1 and M2 simultaneously because they are extremely similar (not much more than clock speed for differences). M3 is the first major architecture change for the Apple Silicon chips (moving to armv9, significant GPU changes, significant NPU changes). It would be very likely that M1 can support anything M2 can support, but neither supporting things the M3 can support. This is not unlike the Intel transition, where the initial Intel Core and Core 2 chips were dropped aggressively in favor of the vastly improved core-i series.