I think the M1 (and whatever the later versions of the "basic" processor get called) will power the Mac mini, the MacBook (Air) and 24" iMac. That's a nice three-tier product lineup that serves the needs of most users out there: a headless sub-$1,000 desktop, sleek notebook and a stylish, colorful 24" AIO.
The newer, higher-end variant (and its future versions) would go into the MacBook Pro, the Mac Pro tower and possibly even a larger 30"(?) iMac (with or without Pro in its name, although it would probably make sense to bring the name back to clearly mark it for what it is).
At that point, you'd have two distinct product lineups, "regular" and "pro", three models each (notebook, headless desktop and AIO). The lower category would be powered by the "regular" M-whatever (currently the M1) and then a "pro" category of three models powered by the higher-end chip and occupying the $1,800+ spectrum.
Everything is clearly labeled/priced accordingly. You're either a "pro" or you're not. You've got three distinct computer types within each category, once you figure that other part out ("am I a pro, and require pro-level performance?").
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