It's about time that AMD takes the laptop market seriously. Ryzen is already a great mobile CPU, but lacked the proper IO to fight with TB3 in Intel platforms. Furthermore, that aging Vega iGPU was more suited to the budget market than the new Intel Xe iGPUs. Intel was beating the AMD Vega iGPUs in efficiency, usefulness for video encoding/decoding in the "new normal", and it even had a slight performance edge (not that anyone should push these iGPUs for gaming or rendering workloads).
DDR5 is a step in the right direction to future proof the platform, PCIe 4 is also nice but not really a priority for most laptops (i.e., the power constraints will likely make it perform at the later PCIe 3 levels either way).
All-in-all, I see no reason why anyone would buy the lackluster 2021 offerings when it's clear that 2022 is the year that AMD will finally wake-up.