Order placed, finally. Base model 14" MBP M2 to replace my 2015  15" MBP Retina.
Personally, 512GB is sufficient for me as I don't used for much for content creation work. Previously MBP also was 512GB which struggled a bit, but after the introduction of cloud based storage.. I barely go over the 300GB mark. I'm do a lot of documents with MS, make maps on Illustrator and Earth, as well as edit scout photos on Lightroom. Not into any high rendering stuff.

Another reason to go for the 1TB is the faster read/write as Apple uses only one NAND Chip for the 512GB on the M2s. The older M1 had 2X256GB NAND Chips for 512GB.

Anyway kudos to Apple's after sales service to be able to make an exception to refund the M1, I've ordered 6 days before the launch of M2.