I hate speculation about things we have absolutely nothing to go on.
Gaming performance is an unknown quantity, it could range anything a little better than Zen 3 and much better than Zen 3D, we have no idea what the impact of the larger L2 and DDR5 has, all we know for certain is it clocks 10 to 15% higher in games.
No one thought the 3D Cache would have an impact to the extent it has, MLID was wrong about that, just as he was wrong about Intel GPU's and he was wrong about Zen 4.
The Cinebench / productivity performance is what it is, they are not sandbagging, no point in looking for that, just as there is no point in getting depressed about what this all means for gaming performance, Zen 2 vs Zen 3 offered +20% in productivity but up to +50% in games, that's not to say Zen 3 vs Zen 4 will be like that but its just another example about how trying to make these predictions is daft.