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I'm guessing they're still implementing the change in all the places that mention it. I was going to downsize my instance, but I'll wait until it's clearer. People are saying they haven't been able to launch new ARM instances due to capacity issues, which doesn't inspire much confidence.
Don't delete the vm, just resize the shape.
I haven't been informed by e-mail of any changes, and I haven't logged into the management thingy since last January 2025. Both my instances seem to be happily chugging along doing nothing except artificially keeping the load at 50% (following the advice a few years back about them deleting free instances with less than 10% load).
I never got anymore warnings and they probably do even less now. I suspect that backfired on them.
The only thing I've been running on mine for the past few years is a Minecraft server, which is known to use a ton of RAM. I never ran a program to use the CPU 24/7, that might have been the reason it stayed up for that long, but they never terminated my instance.