No, not in any useful form it can’t.
And any architectural changes could require another lengthy reverse engineering process rendering these devices unbootable with non-Apple OSes until then.
I would not be surprised if Apple completely closes off the Mac ARM64 platform for “security” in the next few years. The option to boot third-party OSes seems like a short-term gimme to keep the pitchforks and torches at bay.
I make this distinction because this is precisely the issue being discussed.