I'm covering my bases for the Apple Silicon transition by keeping at least two working late model Intel Macs (2019 16-inch MacBook Pro and 2018 Mac Mini). My primary computer is now an Apple Silicon MacBook Pro. I haven't needed ARM VMs yet but chose a configuration which will handle it easily.
At present my Intel VMs are still mostly running on an even older MacBook Pro, with some on the 2019 MacBook Pro under a secondary Catalina startup volume (so I can keep using VMware's hypervisor). At some point I'll move VMware to the current macOS version I normally boot on that computer, which will be more convenient and secure but I'll then have to suffer some limitations of Apple's hypervisor (networking is my main concern).
If I need a desktop Apple Silicon Mac for ARM VMs I'd prefer to wait and see the rumoured Mac Mini with M2 Pro, as that may fit my needs better than than a Mac Studio. Limitations of ARM Windows 11 support is enough of a reason to keep waiting at present.
Longer term, once Apple drops support for late model Intel Macs, I'll move some of my Intel VMs to a desktop Windows PC running VMware Workstation and rely on remote access in some form. I'll have to leave my collection of older macOS VMs behind on an unsupported Mac.
