There are a lot of uses for PCI slots other than graphics cards.
Captures cards, audio interfaces, PCI storage solutions, and according to the keynote, the machine can support cards to
capture up to 24 8K live streams processed in real time, no other single case machine on earth can do that and I’m sure that feature alone would be very useful to production houses.
The Mac Pro also includes 8 TB4 ports, 2X10GB Ethernet, 2 HDMI 2.1 - all more than the Mac Studio.
Also the bandwidth of RAM is just as, if not more important as the amount of RAM, the bandwidth on ram on the Ultra is the fastest there is anywhere in any single case computer, And that likely makes up being ’only’ 192GB.