Parallels won't run i86/64 versions of Windows or Linux. So the new machines are not as versatile to the users that need access to those OS's for programming, or to run specific applications that are not available on any version of MacOS.
It's a pit of a pain, but not the cluster **** the OP claimed.
I'll continue having intel based Macs to run alongside my Apple Silicon device for the foreseeable future, but when the intel Mac needs replacing, I'll just get another high end intel device to run the i86 stuff, and Apple Silicon would have diverged so far from i86 performance, there will be no sadness in using high performance AS as my main OS.
But to those that say there is no point in intel Macs anymore, I'd say that there is a use case for them at the moment. - For those of us that still have to regularly work on i86 Windows and MacOS, and need the convenience of the one machine for travelling for example.