I am cautiously optimistic about the future of RISC-V. It is likely to start biting at the heals of ARM in another 5 years or so, and having no licensing fees makes it very attractive in that sense. Qualcomm and Apple will be very interesting in avoiding as many ARM licensing fees as possible even if initially in embedded systems. But it also allows for a lot of hardware to be locked down just like ARM and so it might not be so great for the end users. Time will tell.
All I know is that I look for the seeing Apple Silicon 2 launching in 2036 using this stuff. ;)