Note this is only for the server aspect. Clients will still be supported.
As for the timeline, Foreman 3.12 Schedule and Planning has just been posted and I should have made it explicit here. 3.12 (the last release to support EL8) is planned to go GA 2024-09-17 has has roughly 6 months of support, so mid March 2025.
You probably know Red Hat doesn’t communicate its road map here in upstream, but with my downstream hat on I can say that there should be sufficient hints in this thread. Also, your TAM should know. Let me follow that up privately.