You just talked about a 5800x being paired with 4133c16 RAM and Im the one biased? Ok... You should watch this review 5900x vs 10700k with max tuned RAM on both plataforms. Tell me how Many zen 3 chips did you see working with 4200 c16 ram?
Tldr: zen 3 has no chance vs max tuned RAM Comet Lake in games. Now imagine rocket Lake.
Ah yes, your source gives the 10700k at
4k a tiny fps lead in some games from this
highly reputable youtuber that has a whole 2k subs who doesn't even do controlled benchmark runs, and the actual in-game benchmarks he does run? 2-4 fps. You understand that one 4k run isn't representative, actual review sites do more than 1 run, and 4k is almost entirely GPU bound? It's is why you see so little difference in FPS on the controlled, in-game benchmarks.
The video you linked could have been a 5600x vs 10700k, or a 10600k vs 10700k for that matter and the results would have been almost exactly the same. You can look on this website to see that's the case:
https://tpucdn.com/review/amd-ryzen-7-5800x/images/relative-performance-games-38410-2160.png
So again:
11700k has much more power draw(20%+)
11700k is slower in multi-threaded workloads.
11700k is the same speed in games @1080p.
It will come down to price and availability. If the 10700k is priced below the 5800x when it releases, or the 5800x is still very hard to get a hold of, the 11700k is a CPU to consider if someone desperately needs a CPU.
I'll add that it's an awkward time to get a CPU. We're coming to the transition to DDR5. Both AMD & Intel sockets are a dead end, so the only upgrade available is a 11900k for the intel platform, which... is still an 8c/16t CPU, so basically not worth considering. On the other hand, at least with AMD you can upgrade to a 16/32 CPU, if you need threads. I personally wouldn't upgrade if I had anything 4/8 or higher at this point until DDR5. Can't get a GPU to pair with a CPU anyway.