The real problem is going to be pricing & availability. The £149 GTX 1650 Super (2019) replaced the £149 GTX 1050Ti (2016) with a big +70-100% performance boost after 3 years at same price point. 2022 vs 2019 is the same +3 years, but the jump from GTX 1650S to RTX 3050 seems only 30-40% (more like an RTX 2050), so pricing should reflect that but probably won't. For those who don't play AAA games and don't need 8GB VRAM, instead of a 4GB VRAM option they'll probably get to enjoy 0GB (if you can't actually buy it at any sane price that makes sense due to being targeted by miners...) It doesn't make much sense to put ray-tracing on low-end cards so is all the "RTX" stuff really needed? You could argue it's for DLSS but that only improves a relative handful of games that have DLSS support, whereas having no RTX cores at all but simply using the same die space to increase the number of regular GTX cores would improve everything (inc the thousands of games with no DLSS support).
Overall it's pretty sad the way both AMD & nVidia alike have treated the low-end market with literally no decent upgrades after +3 years being something I definitely don't recall in the past, and that's going all the way back to the era of 286's and ISA bus (remember the actual competition we had back when there were more than 2x GPU manufacturers? I sure do...)