I feel sorry for AMD with so many people having unrealistic expectations. At this point they are a very small company! It makes sense to avoid direct competition with Nvidia, and go after the low-mid segment. Most likely their architecture will be inferior to Pascal mid-range but they will have a few months to gain back market share before they are forced to drop prices in the fall. I'd call that a win, but I suspect most on here will be seriously disappointed.
You mean the same AMD that has Radeon GPUs in every known gaming console on the planet and every future console for the foreseeable future? I think their GPU game can only get better.
As for Polaris, they've been telling to the public that they're targeting mid-range, with cheap(er) cards first, so that the general public can get decent VR perfromance and don't have to spend much, meaning low and mid range, where by the way most cards are sold.
In 2017 they bring in Vega, their high-end enthusiast grade cards.
Problem is, people are expecting high-end cards from AMD and Polaris and that's not the case, at least not by the things AMD have said themselves. And frankly truth be told AMD vs. Nvidia was always pretty much on-par, few frames here few frames there, there was never such a big gap in performance that one brand was clearly demolishing the other - however that's different for market share, where nvidia has the majority of the GPU segment, but that has little to do with the actual GPU performance, because even in the HD5000 era, where AMD was roasting Nvidia on a stake, because the performance of AMD cards was really really huge compared to anything from Nvidia, people were still buying Nvidia cards, which means that AMDs marketing game is just bad, nothing else.
That being said, AMDs problems aren't from their GPU segment, they stem from their CPU problems, that's where the big money is being made and that's where AMD is lacking. If AMD steps up their game with their CPU branch, and they become competitive again, that's where they'll make the bulk of their money. Compared to that the GPU market is peanuts, even if they'd hold ~80% of it, like Nvidia does currently.