Arrow Lake & Lunar Lake are BOTH powered by Lion Cove.
Jim Keller laid the foundation for the new architecture long back. He may not be around now, but the work was already underway when he left. Probably almost complete by now. He spent 3 years at AMD and completely revamped it. His two years at Intel is good enough to lay the foundation for a new architecture. While leaving, he did mention that his work at Intel was complete.
And his new architecture can't debut in Lunar Lake cos Arrow Lake & Lunar Lake share the same Lion Cove architecture. Just that, Lunar Lake may feature an updated version of Lion Cove (LNC+). Thats all.
Either the new architecture starts with Arrow Lake. Or only after Lunar Lake. Not in-between. I think its highly likely that the new uarch will makes its debut in Arrow Lake. And considering all the rumors about ARL not being able to implement hyper-threading or the new 4-way threading, it looks more and more likely that ARL is the one with the new uarch.