Another M
Sounds a disaster. You can already get an RTX4070 12GB for £530. So unlike the RX7900XT which is cheaper than the RTX4070TI,has 2/3 more VRAM,and faster in rasterised,you get a card which costs, the same,performs the same and has a bit more extra VRAM. Also AMD RT performance scales with rasterised performance,the RX7900XT is going to have less of an RT performance deficit against an RTX4070TI than an RX7800XT against an RTX4070.
AMD already got a significantly lower performance jump this generation,especially as they cheaped out and didn't go with TSMC 4N 5NM. They cheaped out and went with TSMC 6NM with the RX7600. Now they are trying to upsell their dGPUs.
If indeed the RX7800XT does not beat an RX6800XT significantly and AMD want to charge over £500,one has to question WTF is happening inside the company. What type of market research are they using. They are obviously ignoring JPR:
Nvidia only has to refresh their range,and release an RTX4070 Super(made from the AD103) and an RTX4060 Super(made from the AD104),and AMD is sort of finished.