The challenge here is having to emulate the x86 processor in order to run x86 operating systems on ARM processors.
That won't allow you to run your Windows 10 guest. They have beta code for virtualization on M1 Macs, but note that's for ARM versions of operating systems, not x86/x86_64. And no, you can't do it with Parallels either. You can speculate on what that means, but it most likely will not allow you to run x86-based operating systems such as today's Windows 10 on M1 Macs. What little they have said is that they are working on Fusion virtualization on M! Macs. VMware does not comment on dates and content of future product releases.
Short answer: No, and I wouldn't hold my hold my breath waiting for an answer.
