I believe the F1 project is just a badging exercise, (I stand to be corrected by those who know better) There is, after all, some cachet about being in F1, but I do feel that sportscars are their spiritual home.
A lot of manufacturers want to bring their hypercars to run at LM, can you imagine the McLaren Senna up against an AM Valkyrie? But that is the direction I think the top class will be heading, back to a GT type class. LMP2 needs help. Merge P1 and P2, or remove the hybrid factor - not popular for Toyota, but where is their opposition this year?