Not really? Qualcomm just showed off benchmarks beating M2 and all we have to go off is Apple's dubious relative graphs that have been essentially lies before (3090). We will see how they really stack up when both are in shipping products.
It already exists? You can buy ARM Windows devices right now. I'm typing this on one. The x86/x64 emulator is pretty good but performance is limited by the slower CPUs.
We can already use the Windows x86/x64 emulator. Unless you have specifics that Snapdragon X Elite performs worse under it than current chips we can expect about 60% the performance. Rosetta 2 is about 75%. Based on Qualcomm's Geekbench 6 numbers it'll have about the same x86/x64 performance as the M1.