is this anywhere near releasing now? I would love to use on my new M1!
In terms of an official release of an M1 native version, it's going to take some time -- though a beta may be available far sooner. Before putting our "stamp of approval" on this, we need to purchase M1 machines for the entire team (happening next week), given them a build, and do complete regression test of the entire program. If there are bugs or incompatibilities, those have to be addressed and then we have to retest. So it's coming, but it will take some time.
I will not make a prediction yet as to how long it will be before a native M1 version is released, because we need to get the Big Sur release out. (Very very soon.) Then we can progress to the M1.
In the mean time, we anticipate that the Big Sur compatible version will run in Intel emulation mode on the M1 once we get it out.