Not until macOS 28., but you're right, it's frustratingly unclear whether the initial deprecation is limited to macOS apps or whether it will also stop working for VMs.
https://support.apple.com/en-us/102527
https://developer.apple.com/documentation/virtualization/run...
It would be pretty difficult for Apple to disable Rosetta for VMs.
Oh I have another year? Phew.
This can be avoided by not upgrading to MacOS 28 right? I'm new to Mac's and the Apple release schedule so I'm not sure how mandatory the annual updates are.