I think we can assume the transition to iLok will take place sometime after iLok is running native on Apple Silicon. I'm keeping an eye out for PACE to announce M1 compatibility before I begin clamoring in earnest for eLicensor-to-iLok timeline info.
The transition to iLok will happen first.
Good to hear. What would be good to hear is this: I know a lot of people have asked about a date for when the iLok transfer will happen and it's been said we'll be told about it here and via email but no date has been given. Not asking for an exact date but can you at least tell us if it will happen this year?