I wonder what video codecs will have hardware decoding support. Because having this able to support HTPC options with AV1 and h265 decoding would pair amazing to sticking this on the main TV for family gaming as well. I'd be shocked if it didn't have h265 support but AV1 is not quite guaranteed at this point.

This is the one area that Intel ARC absolutely excels at. If ARC doesn't survive long term, that might be its legacy in the same way Matrox pivoted to multi screen cards after the failure of Parhelia-512 GPU.