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Nobody knows and it doesn't matter. Even if I knew the correct answer today it will be changed to something else equally nonsensical in a month or so.

And don't get me started on DotNet Framework vs Core vs Standard.

What was Office 365 is now part of Microsoft 365 for your convenience and to prevent you from ever trying any alternative since you're all bundled in.

What are the odds that it gets renamed to Microsoft One?

X and One are old hat.

Microsoft Pro and Pro Max are the new bundle options.

Along with realizing the buggiest software and cloud products, Microsoft's naming and branding sucks big time.