Disappointing if true, Zen3 was a 19% IPC uplift on the same process node but now there struggling to break 10% using a new faster process meaning the actual gains from a better design are likely in the single figgers.
Jim Keller designed the first few Zen architectures. He's now long gone, I believe it's been written that Zen 5 is the first architecture that he didn't contribute to. This would make sense if it's a smaller IPC bump. Lesser minds perhaps just doubling up on cores with no/little innovation.
I just hope Zen can retain it's power efficiency with the doubling of cores and other changes. If they could improve on idle power consumption (the only metric that Intel currently beat Zen4 in) that would be awesome too.