The new USB-C Apple Pencil supports hover with the iPad Pro and can attach magnetically — but at $79, it’s cheaper than the $129 second-gen Pencil.
The cheaper price means that the Pencil doesn’t come with some of the more advanced features as the first- and second-generation accessories. The device doesn’t support pressure sensitivity, wireless pairing and charging, or the double-tap feature that lets you switch between tools. However, it still supports hover with M2 models of the iPad Pro.
The lower price is nice, but zero pressure sensitivity is a big question mark IMO. You’d expect something at this price to have at least a few levels of sensitivity.
The hover feature works because it's done on the iPad's digitizer side, so afaik, it's not the Pencil's feature.
Yeah, but who would put it past Apple to disable it anyway?