If anything it suggests that although it’s likely to be cheaper than the Pro Display XDR, I expect it will be in line to replace it and be priced quite a bit higher than $2500, maybe $3000-$3500 or somewhere in that ball park.
It will definitely be substantial enough to not completely p**s off those who have just bought the studio display anyway.
The latest rumor about the next Pro Display XDR is that it will be a 32" or 36" 7K MiniLED ProMotion display and will also have an A13 (presumably for CenterStage, Hey Siri and Spatial Audio).

'Apple Studio Display' With 7K Resolution Reportedly in Development
Apple is working on a new "Apple Studio Display" with a 7K resolution, according to 9to5Mac's Filipe Espósito, who cites sources familiar with the matter. The display is also expected to feature a dedicated Apple silicon chip. The report claims it is unclear whether the display will be a...
If we're lucky, Apple can hold the line at $5000 (plus stand) since it should not need as exotic a cooling system as the Pro Display XDR needs.