Interesting, what are your thoughts on TouchID coming to the 12" MacBook?
Unlikely. Apple is lazy enough that Touch ID is controlled by the same SoC that they're using on their mobile devices (so they don't have to rewrite a bunch of things). That's actually one of the reasons for the touch bar IMO.
Seeing as Touch Bar and Touch ID are still one tier above a base 13" MacBook Pro, unless Apple drops that MacBook Pro this year altogether, I don't see we'll see either of those things coming to the 12" MacBook.
Also, regarding the newer Intel processors, they've already been in non-Mac laptops for a while now. They came out around late last year. That's how we know they're incremental (<10% improvement for everything, and no Thunderbolt 3.0). Essentially, the only change now is that the Core m5/m7 designations have been switched over to i5/i7.
If you need specifics, here are the i7 Kaby Lake and m7 Skylake processors:
https://ark.intel.com/products/95441/Intel-Core-i7-7Y75-Processor-4M-Cache-up-to-3_60-GHz
https://ark.intel.com/products/88199/Intel-Core-m7-6Y75-Processor-4M-Cache-up-to-3_10-GHz
As said, "you can't will the industry forward" here. Everything thus far has pointed to a "pointless" update, so I wouldn't even be surprised if Apple decides to skip until the end of this year when the next generation of Intel chips come that hopefully will provide more of an upgrade.
But knowing them, I would say they might still do a "silent upgrade" before WWDC for the MacBook, just because they can. The main thing here is probably to replace the m3 configuration with an i5 to improve baseline performance. While the m5 and m7 will see marginal improvements (if any), the m3 baseline stands to gain as much as 25% performance improvement.