Qualcomm has shown off demos to the media of Baldur's Gate 3, video editing, music production, OBS, etc. Microsoft has claimed their translation layer is "as good as" Rosetta. Support for anti-cheat is not relevant unless you want to game online, which I don't. Driver support for third-party peripherals is a valid concern for a significant number of users, but not something I personally care about in a portable device.
It's perfectly reasonable to be sceptical of Qualcomm's claims, but you can get a feel for how confident a company is in their product by how they approach marketing - and we are seeing a level of confidence here from Qualcomm and Microsoft that we have not seen with previous Windows on ARM pushes.
I am personally inferring from this that the products are probably pretty good, but this is speculation. I won't be ordering one until I see some test results from independent reviewers.