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Same! Reading through that announcement about MOAR power and AI and all I can think is, "This can't possibly play YouTube videos at me on my spin bike any better than my iPad from 8 years ago..."
I had this thought until I actually replaced my iPad with the m1 chip.

It was actually better at youtube by being more efficient, I could watch videos for a full day before needing to charge.

I’m not sure this is a good thing..
Not needing to charge as much due to much better battery capacity and/or usage efficiency is objectively a good thing, full stop.

How that additional time is actually spent is a whole separate story, but that's entirely tangential to assessing the impact of battery life improving.

In the 1990s we referred to this dilemma as needing a “killer app” to drive an upgrade. Fortunately everything needed more mips, but unless you’re a niche gamer, consumers hit the wall in maybe 2010. Which is why every oem is pushing Ai. Sell moar !! Fill the landfills !!!