HP already has it's Snapdragon convertable out that has Windows 10 x86 emulation. But surprisingly this is only _32-bit_ not 64. Looks like performance is understandably poor as well.
I'd expect Apple to take their usual strategy and wait a bit until chips are a little faster/they have a more mature emulator before they make the switch.
Interesting times though!
It's an ARM64 chip running ARM64 OS and ARM32/x86/ARM64 Win32 and UWP apps. Just doesn't handle amd64 > arm32/64 conversion.
Snapdragon Single Thread Performance isn't even great, hence with added emulation performance penalties it is going to be even slower.
I think chips need to be a bit faster AND emulation overhead reduced before it gives a "can't really tell the difference between an Intel or ARM MacBook" type experience. At least for developers/creators.