The more I look at this situation the I think the flawed/bugged die explanation to be true, now hear me out.
What do you do if you have a ******** of flawed 500mm2 dies, that aren't good enough for gaming but hold themselves when it comes to productivity ? You can't sell a 500mm2 die as a mid range Gaming GPU for 400$, it's unsustainable in the long run, especially as the manufacturing process get better, but you don't want/can't to lose that ******** of bugged GPUs, so you stick them in a GPU to go up against the P5000 2000$ workstation GPU and call it a pro card (even though if you call a cat a dog it still doesn't make it a dog) so the less well versed people who want P5000 performance but aren't bothered about certification, ECC memory and FP64 have a solution, it's got better performance than the WX7100 so it's priced a little higher again for those who don't need the previous options, and they won't nibble into their own WX line either (I imagine the WX9100 will be at least double the price of the FE). And all this while having 16gb of HBM2 which in itself for a guy who needs to do productivity work and doesn't need the frills is a good selling point. I mean if I was in that situation and needed 16gb of VRAM this GPU would be the best solution at it's price point.
So they can now sell flawed dies at 1000$ with a pro sticker and a blue color, sustain production, use flawed RX GPUs in the FE throughout it's entire lifetime even when the die process gets better they can still do it coz they won't be selling loads and loads of FE GPUs because they are only "semi pro" even though it's no more semi pro than a 1080...
That is the only logical explanation I can find for releasing a GPU that would be a step back from their previous generations, coz it isn't really it's just flawed GPUs. If they release a 500mm2 RX GPU with 1080 performance they are ****** and they sure damn know it would be worse than releasing nothing at all and waiting to make further improvements.
Their stock is going down which was to be expected and it's their own fault for a lack of communication.
And if all this is not the case, everyone at AMD in the GPU department needs to be fired straight away