Tammy104 You've hit the nail on the head of why I'm being critical of this decision. Right now our volume agreement allows the use of Enterprise LTSC; It's a line item on our annual contract along with other things like Windows Server licensing, M365 A3/A5 licenses, etc. As far as I can tell, IoT Enterprise (both LTSC and SAC) is unavailable to us -- it's not on our contract, and not in VLSC.
Right now we have Enterprise LTSC running digital signage, self-service kiosks, machines that control mass spectrometers and NMR in labs, and various medical devices in our health center. All places where vendors don't provide the OS/hardware, but Enterprise LTSC is perfectly acceptable and necessary because of the predictability that an OS provides when not constantly being serviced with feature updates.
If IoT Enterprise LTSC is going to become more readily available to those who already have rights to Enterprise LTSC, I'll gladly go use IoT Enterprise LTSC and carry on with life. But until we have more info on such plans or lack thereof, "just use IoT" is easier said than done. (Which makes the answers here all the more patronizing, frankly) In the mean time, the net result for us as an organization is that future Enterprise LTSC releases just got their support halved for no valid reason.