Man, I've said this before too. That would help justify the expensive up front cost too. If I could buy the chassis/mobo once and then swap/upgrade the internals as time went on would be awesome.
I can see the appeal in theory, but how well that would work in practice is another matter.
I used to assemble my own PCs so the result was, in theory, completely modular and upgradeable. Reality was, that only made sense if you got something wrong with the build and had to upgrade immediately. Otherwise, after a year or two,
everything (RAM, CPU, GPU, HD interfaces, USB etc.) had all moved on, you needed a whole new motherboard and all that was re-usable was the case and (maybe) PSU - vs. keeping the old PC in one piece as a server, backup machine or hand-me-down and starting from scratch. Intel & AMD didn't help by continually changing processor socket - but that was only
partly forced obsolescence as technical specs advanced as well.
...and you have to bear in mind that if
you're upgrading your last-year's model CPU to the new shiny, so is every man and his dog (including anybody who is replacing a failed part) so the resale market for your surplus old-model CPU as a spare/upgrade part is going to be nonexistent.
In the case of the Mac Pro, Intel->Apple Silicon would obviously be a whole new "innards" - even the power supply would be over-specced and inefficient for an AS machine -
versus finding someone with a use for a fully working 2019 Mac Pro (still a pretty capable machine!)
For the Apple Silicon Mac Pro, if a M5 Ultra does appear one of the big plusses is likely to be PCIe V5 support - so all the PCIe switch stuff will have to be replaced (OK it might still work as PCIe4 but on a system who's
raison d'etre is that TB doesn't provide enough PCIe bandwidth for some, that's not great), so again it's going to be a whole new motherboard. Again, versus finding a use/buyer for a fully working M2 Ultra Mac Pro which is still a pretty powerful rig.
For something like a Studio, the logic board is so small that a socketed processor wouldn't make sense (and would force Apple to 'freeze' the physical design of the chip package) but being able to swap out (say) a M1 Max logic board for a M4 Max board does sound good. However, that's most of the works of the machine so it's not gonna be cheap, and its likely to be easier to sell a fully working M1 Studio than a bare logic board (again, because nobody will be 'upgrading' to those).
...even from the greenwashing point of view you're sending a lot of old motherboards/cpus/gpus etc. (made of 90% nasty plastics and chemicals) to landfill and only "saving" the case and PSU (in Apples case, lots of recyclable aluminium and full of copper coils which stand a much better chance of getting recycled).