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Very high. They're going to bring ARM to more models and there are various reasons they can't use the same M1 - RAM limits, port limits, GPU performance, etc.
I wouldn't expect hugely better single thread performance than the M1 though, and I don't expect the M1 models to be updated, at least not before the very end of the year.
grams
What are the odds for an M1X / M2 processor at some point this year? Most sites seems to agree it will happen.