Still its the snappiest Windows I have used in a long time. Microsoft probably hasn't figured out how to use up all the resources of this chip (for dumb features).
I would also say that 12th generation Intel is more competitive with Apple's current silicon than it gets credit for. It beats Apple on single and multi-threaded performance. No, you won't get 20 hour battery life, but you can find a respectable balance, and to that point I don't think it's worth making the ARM tradeoff on the Windows side of the house.
For Apple, ARM is great because they're betting the farm on it. For Microsoft, ARM still looks like a bit like a side project to me.