Well, thing is, we don't know what is going to happen in July. We shouldn't be able to run Classic in Monterey but we can. A lot of the frustration from users is MS not being clear on what is or is not actually going to happen.
I'm using a very very old Outlook on one of my Macs and it is working fine. It has been unsupported for a very long time. I suppose it comes down to can Microsoft scupper the usage from their end? With Outlook it still has to connect via imap or pop, those protocals are set, so we may not get all the new features but it still works.
First thing Teams does, is it contacts to the MS Teams servers and that is where they are crippling the application usage. Classic still works as it physically cannot switch to the new version because it realises the newest version won't run on Monterey and it cannot push the 'locked out' splash screen to Classic. It'll be interesting to see what happens in July but MS should just stop blocking the last compatible version for Monterey and let it run with a 'You may not be getting the newest features' and let us decide. Afterall, we are paying for it.