Maybe, but all we're really talking about is drivers... After all, all an eGPU is really doing is exposing a PCI-E slot with a video card to the system... Software drivers make that card to show video, and at that point all you're really doing is telling the driver "Hey, instead of sending data to internal PIE-E slot X, send to external slot Y"...
Now if we're saying that the ARM Macs aren't using PCI-E anymore, then this becomes a problem... But isn't exposing PCI-E lanes part of the thunderbolt spec? And isn't this used for other things other like high speed data transfer and not just eGPU (and thus dropping it a big deal?)
Hoping this is just a driver thing, and that they didn't want to write/port x86 AMD drivers to ARM (as they aren't needed for internal stuff), but that they will eventually...
After having a taste of eGPU (using a 5700XT now - makes a huge difference in graphics work), I'm not interested in any Mac without it.