This seems to be part of some bigger cost cutting changes
https://www.tomshardware.com/news/intel-sunsets-network-swit...
Edit: Seems they will support existing costumers and products. Still sad to see, lots of potential there.
If Intel cancels ARC, I think their credibility problem will get even worse, given all their marketing.
I think they'd be perilously close to Killed-by-Google territory at that point. I.e., people would be less willing to make plans/purchases based on future product availability.
The grandiose manner of Gelsinger's cost cutting measures almost makes him look like the anti-thesis to the Sunken Cost Fallacy.