I do not think it will. It is my understanding that Apple will stop shipping "fat" versions of the macOS framework libraries (containing both x64 and aarch64 binaries of the same code). This is used by x64 of macOS applications using Rosetta because you cannot mix x64 and aarch64 code in the same process.
But I believe Rosetta will still be available to run "plain" x64 binaries, that do no link against macOS libraries. Of course only Apple knows what they are going to do.