The existing iPads were already the best devices for this kind of thing, but faster is always better.
I still find it sad that:
a) Apple restricts iPad OS so much, that it's difficult to make good use of that fantastic hardware. It feels weird that people ask questions like "what can I actually use that power for?"
b) Companies do not ship better iPad apps. At this point, Fusion 360 would work better on this M2 iPad than on most PC machines, but we only get a half-baked "viewer" thing which doesn't really do anything useful.