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Oh. I was going to buy a P1S in a few months. Looks like they don't want my money.

What's the best alternative?

Not sure, it caught me by surprise as well
(I have several Bambu Lab machines, including the P1S)

Prusa machines are quality, and open source, but very pricey compared to Bambu Lab.

I recently got a Creality K2 Plus, which approaches Bambu quality, but it's still not 100% there. So far I'd give it an 8/10 though.

Check out the new Creality stuff and I have a few Elegoo Neptune's that are pretty nice
Bambu really alienated their entire customer base. I have quite a few of their printers for my business but will be looking elsewhere from now on. Most others in the business will also. Trust is key. When you are investing in equipment for your business. Same with John Deere. It's very shortsighted.