Not quite sure I fully agree with you, but I do see the point your making.
Maybe it is a case of enough people out there are thinking that way which gives rise to AMD being the cheaper option and of course the more people that think this way the more it becomes the segment that AMD must sell at to actually sell products.
It is a shame, because for AMD to truly break out of this 'cheaper option mould' they need a really dynamite product or two. maybe Zen will be that product, who knows, only time will tell.
A potential problem with that is the minute Intel feel genuinely threatened by AMD Intel possibly could shut AMD down.
Intel felt threatened by AMD with the Athlon XP, Intel being the behemoth compared with AMD simply used their financial clout to deny AMD sales and thus starving them of funds.
AMD cannot afford that to happen with Zen, if AMD don't get healthy returns on that investment it is frankly all over for them.
Yes things are different now, its not so easy for Intel to muscle AMD out of the market.
Intel got burnt badly for paying potential AMD partners not to use AMD's Athlon chips, but, Intel are already trying to get that over-turned, after 10 years of saying nothing more about it now they are on the warpath with it.
The precedent has been set that Intel cannot pay anyone not to use AMD products, the fact that they are now trying to get that overturned shows their intent.
AMD just need to be aware of this, its unfortunate but that is the reality when you only have two vendors in a space and one of them has occupied upto 95% of that space for two decades.
Intel will sit-down and watch some of their market-share switch to AMD, do nothing about AMD earning their share of the money and get back to good health.
A genuine competitor is actually a good thing for Intel in view of legal reasons.
Intel will remain somewhat passive as long as they are comfortable with AMD's progress back to health.