A:AnswerNo — the iPad Air (latest model with M3 chip) does not run at 120 Hz.
It uses a 60 Hz Liquid Retina LCD display. Apple reserves the 120 Hz ProMotion display for the iPad Pro models.
(smoother scrolling, animations, and responsiveness)
A:AnswerNo , this only supports the pencil pro as with the 20204 model they changed the camera orientation so they needed a new Apple Pencil with the new internals.
A:AnswerThe iPad Air M2 is better as it has double the base storage ,laminated display with better colour accuracy, Apple Pencil pro support, a much pore powerful m2 chip .