I was REALLY looking forward to Zen 4 and AM5. But you've pretty much summed it up perfectly.
5800X is roughly same as 7600X
Both perform roughly same and both are 105W TDP (even though actual consumption is on 7600X side)
But 5800X is already discounted heavily and can be found below 7600X expected pricing. Plus cheaper boards and RAM.
I'm a bit disappointed, no getting around that.
I'm in no hurry luckily, will wait for Raptor, and will wait to see if 7600/7700 non-X get released at ~65-75W. I'd like new platform. If neither pan out I'll just need to wait for next next-gen
Edit: or maybe just wait for heavily discounted or 2nd hand previous gen...