Many keep saying 24in. is too small, but for those with limited desk space it’s more than enough. Also for those, like myself, who have been using a 21.5 iMac stepping up to 24 will be a welcome upgrade.
I could fit a 27in. Studio Display on my desk, but it would start getting crowded.
The M1 was praised for its power and ability when it was released, except for those few who needed more. For everyone else the M1 was a huge gain. It still is. The M1, for many people, made 8GB RAM respectable and more than sufficient.
That said, above a certain price point, 8GB RAM and 256GB storage is a joke. Only bottom end machines should be 256 and everything else at least 512. That all three tiers of the current iMac start with 8GB RAM and 256 storage is absurd (okay, last tier starts with 512). It should be:
Tier 1 = 8 RAM and 512 SSD
Tier 2 = 16 RAM and 1TB SSD
Tier 3 = 32 RAM and 2TB SSD (or an M1 Max with 32 RAM and 1TB storage*)
*This is essentially a Mac Studio in an iMac chassis. I’d by that in a heartbeat.