Rikl film it showing dark gray (Stone solid color wallpaper) fullscreen at max brightness in 240hz slow motion through a modern phone camera
you will see the flickering brightness dips synced up at around the screen's refresh rate every frame in the recording
it will happen no matter if Stillcolor is active or inactive, it is most likely related to backlight PWM and not the LCD itself
doesn't happen on M2 Touch Bar Pro, so M2 TB may be better for some who are extremely flicker sensitive. however, M2 TB has a much worse screen lottery (there are some totally OK panels, and some REALLY STRAINING ones, I experienced both!!) and deeper contrast and black levels + brighter whites overall on M2 TBs can definitely feel less comfortable for a good amount of people here.
in the end I preferred the m1air as I got a nearly perfect panel first try, there is like so little glare on it even though it's glossy, and the "brightness dips on every frame" style of PWM seems to be OK for me because it's such a low flicker depth (and unlike dithering, it scans uniformly across the screen all at once).
i'm past return period. officially KEEPING the m1air!