Any Point to Intel 12th Gen New Build, with No PCIe 5.0, on new GPUs, and DDR5 Cost/Tech Issues?

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I was planning a new Intel 12th Gen build, as my 8 year X97 motherboard is starting to develop problems, so far 2 SATA ports have failed.

I was planning on going with a 12700K, the MSI Z690 Edge DDR4 motherboard and 32GB of DDR4 RAM (Kingston or Corsair), and re-use my existing GPU, GTX 1070, until the new GPU releases later this year.

Part of the reason to go with 12th Gen was that it had a PCIe Gen 5 slot and it was expected that the new generation of GPUs would be PCIe 5.0 but reading the rumours it looks like they will be PCIe 4.0.

Given that I am planning on using DDR4 and upgrade to DDR5 in a year or 2, once prices drop, and the quite serious bugs are sorted out, such as 4 DIMMs causing no POST issues as well as problems loading XMP 3.0, and it's possible that PCIe 5.0 may not be in use, GPU wise for possible another year, maybe two.

Would using previous generation parts make more sense, than diving straight into the latest generation, and using the saved money for a PCIe 5.0/DDR5 upgrade later?

If I went with older parts I would probably go the AMD route and use a Ryzen 5800X or 5900X, though if Intel a i7 10th Gen.
 
If gaming ddr5 offers little over ddr4 but you can still get the benefit of pcie5 on the motherboard and ddr4, like MSI z690 Tomahawk.

What's your main Use ?
Mainly gaming, but a little photo editing.

At the moment you are paying a premium for Z690 motherboard, for DDR5 and PCIe 5.0, but given that the majority of people would use a GPU for that slot, if the rumours are true, that the next Gen of Nvidia GPUs, will use PCIe 4.0, is there any point on paying the premium for a Z690 motherboard, DDR4 or DDR5?
 
Thanks for everyone's input, I get weird ideas into my head and discussing them helps to clarify things for me.

I will stick with my original plan of the, 12700K, and 16GB of DDR4, 32GB is overkill, though might change the motherboard to the, ASUS Intel Z690 ROG STRIX Z690-A GAMING WIFI D4, from the MSI Z690 Edge DDR4. Got a mini bonus at work so a little extra towards the build.

Anyone have any experience with either Motherboard?

MSI Z690 Edge DDR4
ASUS Intel Z690 ROG STRIX Z690-A GAMING WIFI D4

 
Spending more on a motherboard will net you no extra performance when you are already in this category. Just get the cheapest MSI Z690 DDR4 board, about £160, and put the saved money to something worthwhile.
I thought about that but I like decent Audio and the MSI Z690 Edge gives me the latest audio.
 
You will also need a cpu cooler with a socket 1700 bracket a lot don't come with one you even though it says compatable. Be careful and check otherwise you will have to send for one from the cpu coolers manufacturer.
Already bought an AIO, found the NZXT Kraken X53 240MM for £99.95 (£79.95 with some vouchers I had), came with the 1700 fittings.

Thank you for checking.
 
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