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No reason to doubt RPL's IPC improvements yet. The P-core in RPL is now called Raptor Cove and there's also more caches (L2 and L3), the L2 of E-Core which is the same 'Gracemeont' used in ADL- was also doubled. More multithreaded performance is expected because of more 'Gracemont' E-cores, but that doesn't mean we can stop there.I'm doubtful there will be any IPC improvement with Raptor Lake, especially since they only said there would only be an improvement to multithreaded performance.
Both Intel and AMD are pushing for the highest frequency clocks now. AMD can apparently reach 5.2-5.5ghz with a maximum CPU power consumption of just 170w.