Note 20 Ultra

Yes it is better and lots of good stuff like Nightography, 5000 mAh battery, 4 years of major OS updates, etc.

Note 20 Ultra is still a very powerful phone with a great display and s-pen. The change won't be worth
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No Don't do it....highly not suggested... I have recently bought s22 ultra but just because I had a crappy phone earlier....note 20 ultra is still quite good... the speaker the display is still a match with s22 ultra...n don't go for SD Gen 1 yet it's not efficient... wait for another year or so... if s23 ultra offers way better than consider...

Can you wait for few months, price will go down and let Samsung fix the bugs already reported.

Yes that's true, I'm satisfied with my Note 20 Ultra

I don't think so...because a lot of features from S22 Ultra are coming to Note 20 Ultra via One UI 4.1

It will also receive One UI 5.0 with the recent updated schedule so expect more features to be added.

The speaker / sound quality of S22 Ultra is not as good as Note 20 Ultra. Saw a few videos of direct comparison....I was also surprised about this.

You will miss SD card if you use it. Or need to spend a lot of money for 1 TB version if it's available.

Battery life is pretty decent on my Note 20 Ultra Exynos (at least for me, can't say for people who only play games for whole day on phone).

Performance is blazingly fast...Exynos has just got bad rep, nothing else. Day-to-day usage you won't even notice the difference.
(Maybe Samsung fixed something in 2022 updates.)

I used my Note 8 for 4 years and it is still working fine (of course a bit slower / less snappy due to older One UI and low refresh rate = 120 Hz will 'ruin' you...just cannot get back to lower refresh rates 🤪)

Maybe I'll keep Note 20 Ultra for 5 years unless some technological breakthrough makes me want it really bad.

One suggestion I always give is to Factory Reset any Android phone when Major OS version changes, so I really don't experience any issues at all (like some people keep reporting after OS updates).

No, this my point of view because not worthy if you buy phone when pre book that time i will says it's value for money but now not worthy
Note 20 ultra still powerful phone in 2022
I think you should wait...
Save planet and use smartphone as much as possible.

Nope it is not an upgrade or worth it if you have note 20 ultra. My dad had note 20 ultra and we did purchased 22 ultra there is no difference at all.