I share your concern about macOS support. It's no secret that Theo Gray was largely responsible for continued Mac support during the 'dark days', and the macOS seems to be getting a bit less love since he has moved on.
I did find an issue with Big Sur that indicated that the modernization of the front end is incomplete. This problem, while not trivial, is easy to fix. However, I will look with great interest about the transition to Apple Silicon. As you may recall, Wolfram (and Theo Gray) were featured in the transition to Intel, so I had no doubts that Mathematica would be ready for the transition.
My main concern is not with basic functionality, which, I am sure, a recompile with a magic switch will take care of. Mathematica currently does not make full use of Apple GPU support, which makes it harder to accelerate Neural nets and other technologies. With the switch to Apple Silicon, we will undoubtedly get custom GPUs. These will be (probably) much better, but will require the use of Apple's Frameworks to work properly. Wolfram lagged behind support of Metal for graphics, and I fear that they will also all behind in support of Apple's other frameworks. Open source is all well and good, but even the best supported open source projects can't compete with the resources Apple has.
It will be interesting. I have a newish MacBook Pro that will get me through the transition, but I do hope to get a new MacBook sometime in the next year or so.
My feeling is that with more user feedback, Wolfram may be persuaded to adjust their priorities.
Interesting times....