Hello PatDiaz,
Microsoft is not planning to deprecate Hyper-V, but the free version of Hyper-V Server 2022. This is a different product version, where only the HyperV features are available on the host OS. This creates an issue with current licensing models based on physical cores (you would not be able to activate anymore new guest vm servers the old way). As replacement there is Azure HCI. You can check it here: https://azure.microsoft.com/en-us/products/azure-stack/hci/hci-download/
At the same time, Microsoft will continue to support Hyper-V Server 2019 until the end of the lifecycle in 2029: https://learn.microsoft.com/en-us/lifecycle/products/hyperv-server-2019
This doesn't affect the Hyper-V as a role in the Standard or Datacenter versions of Windows Server 2022. In fact one of the foundation services that sustain many of the recent features release by Microsoft, such as VDI.
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