It's very useful to be able to seperate data from the hardware. If something is wrong with a machine I can just plug straight in to another one. An SSD is much easier to carry than a laptop.
The other problem with internal hard drives is when they get stuck inside e.g. with MacBooks being sealed these days. External SSDs can offer great flexibility and a trade off worth considering. I can imagine people having security concerns etc.
Disappointing to hear this about the new M1s.
I recommend people interested in dipping their toes into Linux Gaming trying this approach: