Is the i7 5820k worth the extra outlay (around £150 or more including mobo & ram) for a gaming only rig over a i7 4790k z97 setup? do the extra threads make a real difference in gaming or would the extra cash be better put towards a gpu
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Nope not worth it. If it's purely gaming performance you want, you could get a Xeon X5670 and a decent X58 motherboard second hand for a total of about £250, decent overclock on it, 12gb of quickish ram for at most £100 and that wouldn't bottleneck many GPU setups IMO, apart from crazy stuff like tri-SLI GTX980s.
If however you prefer to buy new, or enjoy hardware/specs/numbers just a little bit, it's only £150 more for 2 extra cores and DDR4 so I think you'd be daft not to, which is why I went for a 5820K, Asus X-99S and Corsair Vengance 2800mhz 4x4gb combo. It came to about £700, and I would much rather that, than spend £550 and every time I looked in my case I'd be missing a bank of RAM.
Skylake isn't worth waiting for IMO. The improvements are minimal, they're not starting production until Q1 2016 and the CPUs will work in the majority of current X99 boards anyway. Personally my plan is to run this setup for many years, then pick up a Skylake Xeon when they start to get ripped out of data centers and sold on the cheap. (Just like the X5650, X5670, X5680 etc are now).
Wait to see the official 6700K (Skylake 4790k replacement) benchmarks when it launches in 1-2 months. It may make the 5820k completely pointless for gaming.
Thanks for the advice as ever I think I'll pass on the x99 platform and use the extra pennies for gpu, I've decided to go with an itx build so I'll need the most powerful single gpu I can afford, the price drop on the i7 4790k looks too good to resist atm as it was nearly £300 not so long ago, I'd love to get the skylake platform but I don't think I'll be able to hold on (is it September release?)
It will not work on X99.Skylake is for 100 series chipset with socket 1151.
However, Broadwell-E may work fine even though there life cycle will not be as long.