What I took away from it is that the design decisions at Apple are in the hands of a few. The chain of command is small, it takes countless iterations until it "feels" right and you obviously can't consult with too many people when it's a secret project. A/B testing is out of the question.
There's a setting for this in System Preferences > Keyboard > Keyboard. My recollection is that this was previously a checkbox that toggled the "double-Fn to invoke Siri" function on and off, but as of Big Sur (at least) this is now a popup menu control, where the choices are "Change Input Source", "Show Emoji & Symbols", "Start Dictation (Press Fn Twice)", and "Do Nothing".
My test M1 machine was set up from scratch last year (i.e. no account migration) and has "Do Nothing" selected here, so I can't confirm that "Change Input Source" is the default for new users, but its position as the first item on the menu is suggestive.