As a personal laptop I can make it work. But can’t say I’m thrilled with the lack of m1 native programs. It’s hugely dependent on rosetta which can go away a few years from now.
Rosetta 2 won't go away any time soon. Apple still maintains Intel compatibility and they still have a late 2019 Mac Pro to support for at least 5 years. So even by 2024, Rosetta 2 will still be going strong.
The situation is different this time around compared to the last PowerPC > Intel transition. Apple is taking it very slowly during this transition. As of this time, people buying a Mac Pro with Intel processor should expect the machine to last at least 5 years longer. And Apple has not introduced a replacement for this Mac Pro yet. They haven't even introduced upgraded iMac (27" or 30") either.
The world is moving much slower than you think.