I bought a new Mac Mini with the M1 chip a few weeks ago as a secondary edit system to go along with my Puget Sound PC (2016) and Mac Pro from 2010 (which is basically obsolete).
So far I’m very pleased – with Premiere, I’m finding renders and exports in some cases to be faster then my PC, and that has 64GB of ram. The negatives are that some of my plugins, such as Plural Eyes are not compatible, at least not yet.
Now my Puget System cost me about $5500 back in 2016. The Mac Mini cost $1299 Not suggesting that it’s better – but for $1299 (I had keyboards, monitors, mice etc) I got a 2nd system that works almost as well, and for my simpler projects: conferences, seminars, etc, it gives me all I need.