I'd be worried about Microsoft's comment that unsupported copies might not get security updates...
For what it's worth, I installed Win 11 on an unsupported computer (4th gen Xeon, no tpm) out of curiosity and I did get updates. Of course, that doesn't mean it will happen forever.
I used to be on the Win10 insider ring for a few months a while back, to try WSL2 and I seem to remember updates were more frequent. Otherwise, I seem to get one update per month for a regular win10 pro install.
I don't see them seriously blocking non-conforming installs as it would essential rule out all virtual machines.
All kinds of DRM schemes want to do that to be sure they can't be run in an emulator.
Its uses are mostly confined to authentication between corporate issued laptops and corporate VPN servers.