That’s a substantial, qualitative change in the state of the art of fusion technology. Now we need to do it dozens of times per second and make steam from it, while using efficient lasers and breeding tritium from the lithium jacket.
Works kind of like the EUV light sources TSMC uses to make the highest end computer chips, except a fuel pellet instead of a drop of tin. Like so: https://en.wikipedia.org/wiki/Laser_Inertial_Fusion_Energy
1. Sabine Hossenfelder, How Close Is Nuclear Fusion?, https://www.youtube.com/watch?v=LJ4W1g-6JiY&t=8s
2. Nicholas Hawker, A simplified economic model for inertial fusion, https://pubmed.ncbi.nlm.nih.gov/33040650/
SPARC/ARC would enable a tokamak at a smaller scale (and self-sustaining from bootstrap current, most likely) but ITER is so far out of the running that something can be much better than it and still not be practical. ITER's gross fusion power density is 400x worse than a PWR's reactor vessel; ARC would only be 40x worse.
And how many times have we heard the phrase "a decade" in this field?