VS Code is dropping Python 3.7 support in September 2023 and with the following Python releases they are planning to drop support of a Python version in the first extension release of the year following after EOL.
They say that it will continue to work anyway in unsupported mode:) Like they won't fix anything related to it. Also, some syntax may become absolute, I guess.
Ugh, this gives me mixed feelings. I personally know several projects, mostly internal ones at a few companies, that still rely on this version of Python.
I can't decide however if I'm more bothered that they're dropping support for 3.7 or that I know people who are still using it.
My general opinion for libraries is that it's fair to stop supporting Python versions as soon as they're EOL. It's unfair to ask maintaners to have to juggle supporting 6 or more Python versions at once, mostly for the benefit of a few companies who haven't updated yet.
I think it's also fair here, you'll still be able to use older versions, you just won't get the newest features, which clearly isn't your number 1 priority if you're still using Python 3.7.
In my opinion that expectation is tantamount to pushing your maintenance costs on somebody else. I've worked at places that felt they were entitled to it, but I'm thinking you've hired people to work on this project surely you can find some funding to maintain it.
I have gripes with how some of those projects were run.