I thought about that, too. I think they’re doing this for the same reason IBM has supported Linux LPARs: since a lot of customers who lease System/z currently probably get overprovisioned hardware that they’ll never fully use, why not try a last-ditch attempt to sell the excess capacity as ARM LPARs?
Now you’re thinking like a Big Blue sales rep.
IIRC, they had different licensing prices for cores that would run z/OS workloads and cores that would run Linux on s390x (and other tier for Java, I think). This looks like they’ll have one for Linux on ARM as well.