This card is actually a considerably better value than the RX 7900 XT. Now, I realise that this is a VERY low bar we're setting but... there is a silver lining to all of this. A lot of people mindlessly reach for nVidia if the price is the same (which is usually a mistake but whatever), let alone when the price is lower (performance be damned in most cases) and nVidia cards are much worse values than their Radeon counterparts 99.99% of the time.
Well, WELCOME TO THE 0.01% OF THE TIME! And to be honest, I'm finding it to be just GLORIOUS! Not because I want nVidia to do well, quite the contrary actually (I do hate that company after all), but because at $800, AMD will have to drop the price of the RX 7900 XT to $700 if they hope to sell ANY of them going forward. Of course, that will push the price of (what I can only assume will be) the RX 7800 XT down to near the $550 that I expected it to be. I estimated that based on the fact that the MSRP of the RX 7900 XTX is $100 below the MSRP of the RX 6950 XT and the MSRP of the RX 7900 XT is $100 below that of the RX 6900 XT. Using that logic, I expected the RX 7800 XT to be $100 below the MSRP of the RX 6800 XT which would be $550. People have to remember that there was a $350 MSRP increase between the RX 6900 XT and the RX 6800 XT. AMD even said (not in so many words) that the RX 6900 XT wasn't worth buying but people bought it anyway because, at the time, any card you could get was worth it.
So, it looks like the RX 7900 XT will fall to $700 and I expect the rest of the lineup to look like this:
RX 7800 XT - $550
RX 7800 - $500
RX 7700 XT - $450
RX 7700 - $400
RX 7600 XT - $350
RX 7600 - $300
RX 7500 XT - $250
RX 7500 - $200
In this new generation, I expect that they'll be at similar performance levels of the previous generation's higher tier but with far less negative impact from RT being turned on. That's not exactly great but it's not exactly terrible either, especially considering that the previous-gen cards of both red and green are still wickedly fast because hardware has outpaced software dramatically. This will mean that the RX 7500 will have similar performance to the RX 6600 and decent 1080p gaming will be attainable for everyone again. I seriously doubt that AMD will repeat the same debacle that was the RX 6500 XT (I still can't understand why they called it an XT) and if there is a level-5 card, it won't be based on a mobile GPU.
Perhaps most importantly, Radeons will have pricing that will be very reminiscent of the RX 5000-series. Sure, the RX 7700 XT will be $50 more than the RX 5700 XT but it's a big step in the right direction and a 12.5% price increase over what will be a near 4-year span with the pandemic and inflation being involved is far more reasonable than what we've been seeing thus far.