On the future development front, it is quite easy to forget that GPU's and CPU's take years to develop. Anything AMD do to the R&D budget after the Zen and Vega launches will not be felt for several years to come, so it is the results of the cutting of the budget, over the last few years that we have to look forward too over the next couple.
Hopefully they can come out of the block with a good base line with Zen and indeed Vega, so the recent cutbacks wont effect them too much.
You are right there, any cuts to AMD's budget over the last 3-4 years will be felt in the next 2-3 years. We have already seen this with 200 series renamed to 300, lackluster 300, and a half-arsed Polaris lineup missing half the market segments and massively disappointing performance per watt. If their is an increase in GPU R&D budget (although i wonder if there is), it wont be know for another few generations.