A bit unfortunate. Fugaku/A64FX achieved what Intel never could with Larrabee and its successors. The simplicity of the programming model for Fugaku vs. other supercomputers alone should have made such a successor appealing to data scientists.
I feel like Fugaku was also innovating on the ARM server concept itself with Fujitsu partnering with ARM to drive the development of SVE's first iteration among other things.
Now that those hurdles are already crossed they can just put out new chips based on A64FX, and whoever wants to use them can do so just as with Intel and AMD CPU options.
I think this is more like Fujitsu saying "stock ARM isn't the only option if you want moar SIMD grunt" to the datacenter crowd, while Monaka can probably still be used for exactly the same purpose as Fugaku.
Essentially this is Fujitsu trying to monetise all the hard work they put in here while the ARM server market is still somewhat in flux.