I'm also a little bummed that they seem to have dropped the Pro Display XDR. I wanted a 32" display as the main display, and then use my existing two Studio Display vertically as secondary on each side.

I guess we're going to see how the support for DP Alt-Mode will be, as I'm not sure how much bandwidth that can provide, so 120Hz might be out of the question. But for now that has been a simple way to get around the lack of multiple display inputs, you just needed a separate KVM switch for it.

I just want to natively hook up a PS5 without capture card latency... I would've bought a Studio Display years ago but can't bring myself to purchase a $2000 device-locked monitor.

I've been pretty happy with my ASUS ProArt PA32QCV (32", 6k, but only 60Hz). Kinda infuriating that Apple doesn't let you adjust third-party monitor brightness though (and my work disallows apps like BetterDisplay).