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So....what? I have broadly similar on a 2018 intel MBP.
The point is with this release they are not targeting people who need to do that (or heavy image processing stuff) - they are targeting people who want a computer to do communications and entertainment, hence the low(er) amount of RAM. That the M1 can do all that with a bigger screen and twice the RAM is kind of missing the point.
I have the M1 MBP and I'm running:
I have these across 4 desktops on a 49" 5120 x 1440 monitor.
Everything is silky smooth.