Correct. Intel issued a Product Change Notice in early June and pretty much every 8th Generation CPU except the one in the Mac Mini was flagged as "End of Life".
MCK is pretty firm there will be a 13.3" Apple Silicon MacBook Pro coming by the end of the year and even if Apple kills the Intel-powered model at the same time, there will still be the "16-inch MacBook Pro Powered By Intel" sitting next to it on the table in the Apple Store.
I expect Apple wants to use form-factor and feature-set to differentiate Apple Silicon from Intel rather than raw benchmarks.
A 24" Apple Silicon iMac with FaceID and minimal bezels and no chin (essentially a 24" iPad Pro on a stand) will sell on looks and features just fine against a 27" Intel iMac that looks just as it has since 2012 and still needs you to type in your password to login.
The clamoring will not be "look how much faster the Intel model is!" It will be "when the hell do we get a 27" Apple Silicon iMac that looks this amazing and has all these cool features!".
Same when the 14.1" MiniLED Apple Silicon MacBook Pro with FaceID comes in 2021 to replace the 13.3" model. At that point everyone is going to point at the 16" and demand it also receive MiniLED and FaceID. And if that means Intel must go in favor of Apple Silicon, there will be little outcry.