This is all pretty valid, but the reality is that the TPM 2.0 requirement is literally entirely arbitrary, at least when it comes to consumer-level Windows.
I understand the ease of just making both business and consumer versions have the same requirement, because the enhanced security literally won't matter for the average consumer.
So in effect they lost years of use of their hardware because of an arbitrary limitation. There's plenty of consumer hardware that otherwise meets the Windows 11 specs but only lacks the TPM 2.0 chip.
I only wish more people would consider Linux as an alternative.