I really like the 12700K, right now i think its the best CPU and its the one to buy above all others.
But, Intel has a serious scaling problem, AMD moving to LGA takes care of their power constraint problem, which means they can clock the high core count CPU's up, by quite a bit, for example the 5950X from 4Ghz all core high load to 4.6Ghz for 160 Watts or 4.8Ghz all cores for 200 Watts, that's +20%
Add a 20% per core IPC gain, now a 5950X as such is 40% faster at 200 Watts, its on 5nm, add another 8 of those cores for around the same power envelope, maybe a bit more, 220 Watts, now the 7950X is 90% faster than the 5950X, its like two of them.
How many 3.7Ghz 6600K's are Intel going to have to pile on Raptor Lake to beat that? An 8P + 16E isn't going to cut it.
That's desktop, so lets talk about hyper scaling, there are rumours of 256 of those ^^^ cores in AMD's skunk works, how many E cores is that? And are Intel just going to fill half an entire wafer to make them?
Intel cannot scale beyond a few high performance cores, they are just too big and use far too much power, AMD can scale literally hundreds of them.