As for nice laptops, I think Asus and Lenovo makes some nice ones. I don't believe any are fanless, but most are quiet - Lunar Lake gen 3 is an SOC with a base TDP of 25 watts, and it can even go down to 15 watts. These CPUs are slightly faster in multi-core performance than M4, and they use similar wattage. I believe the Asus zenbook duo gets better battery life by a wide margin because of the 99 watt-hour battery. They still fall a little short of M5 in performance, but it's very close.
As for servers, it's a good point. But I think currently most servers are still using x86 CPUs, so it might not be relevant for a while.