My initial interpretation of the announcement was that the Apple Pencil 2 would work with the new iPad Pro, but when when he indicated that it would work with the existing Apple Pencil, he must have been just referring to the USB-C version... the Tech Specs page for the new iPad Pro only says it works with the Pro and USB-C. Hard to understand why they could not have made it compatible... guess they want current iPad Pro users to have to buy a new Pencil.
Disappointing, as I just bought an AP2. If I were in a position where I had an urgent need to upgrade to a new iPad, this wouldn't stop me, but I'm in a gray area right now... current iPad Pro 11 M1 is working just fine for me, but I wouldn't be opposed to considering a new one. Having to also buy a new Pencil nudges me toward staying put.