Actually that part is not correct. Yes there is no boot camp
but we know that VMs that are ARM based are possible (
Apple demoed a Linux VM back in July). As for Parallels "A new version of Parallels Desktop for Mac that can run on Mac with Apple M1 chip is already in active development." -
Parallels Desktop for Mac with Apple M1 chip
So you can do ARM Linux VMs (I assume right out of the box) and Parallels is coming. As for Bootcamp ZDnet explained why
for the majority of people that is not a big deal.
Con:
"You lose the ability to run Windows and Mac apps at the same time. You lose the ability to copy and paste between Mac and Windows applications. You lose the ability to spin up multiple configurations of Windows depending on what you need. You lose the ability to move your entire Windows installation to another machine merely by copying a file. You lose flexibility."
Pro:
"But you do save about a hundred bucks with Boot Camp because you don't have to buy a virtualization application like
Parallels."
Also even if you could use bootcamp it would be for
ARM Windows not x86 Windows and not only is there not x86-x64 translator until 2021 but from what I have heard Microsoft's x86-x32 translator is less then stellar. That is without pointing out that odds are ARM Windows couldn't make the most of the M1.
On a comical side note. If the M series lasts to M5 then we can make jokes about going as new Project Star Trek with "The Ultimate Computer"