Its funny how this looks so simple when you say it like that.
And it that simple indeed. Don't oversell, deliver, be honest, and now, for Intel: be consistent. Or they'll end up like AMD, forever in doubt and never truly committed.
That is correct, but they are moving in on them. Nobody expected Intel to be nuking red/green's entire midrange into the ground, only Intel did before they got their first reality check. The rest just hoped.
But what's far more important to me now is this: the games are actually functional on it. There is a real, proper product that just works. And when it does, it also gets near parity on lots of metrics: Power, frametime consistency, feature package... The fact it even does RT better than AMD after 2 iterations of RDNA is promising, too.
Intel has now passed numerous hard to tackle hurdles. That's big. If they can scale these metrics properly to the high end, they're playing the game for real. And even that doesn't have to happen within one or two generations: if they can keep pace now and add a new SKU on the top every gen, they're on a solid trajectory. They buy time that way to build mind- and marketshare, trust, and build pressure on the market which is badly needed.