They've completely reworked release plans. 2026 LTSC will come out a year after the initial VS 2026 release (at the same time as VS 2027) and be supported for 1 more year. You pretty much have to get on the rolling updates train for the IDE, which is why the C++ toolchain now follows a different schedule and you're supposed to be able to install any specific toolchain side by side.
So in this new Microsoft world, “long term” means “one or two years, depending on how you count”? Ohhkay.