I'm moving to a new country. The Air is slightly cheaper here in the US than it is there, plus I'd possibly be able to get the back to school deal. But yeah, the 14" Pro is way overkill for what I need, and the M1 Air and M2 Pro are missing some of the things I want — better design, magsafe so that I don't have to sacrifice a port, fast charging, etc.
A couple more months of using my current machine wouldn't be ideal, but I'd consider it less of a compromise than upgrading to something that's not really what I want in the first place.