I mean, naturally. Nvidia's problem is and has always been pricing. But the primary thing to keep in mind is that Nvidia charges what they do because they can; and it's specifically because they have no competition that they do so. The 4080 Super's price cut was pretty much entirely designed to target the 7900 XTX, since it effectively closes the gap on whatever little realistic potential advantage it had on the original 4080.
We're talking about a card that had a pre-launch price cut because it obviously failed to meet its performance target. Anyone that was really willing to could see the thinly veiled "mea culpa" there, particularly since the 999 and 900 for XTX and XT price targets meant that at the time they were probably cutting almost completely into their margins to make these appealing. The 7900 XT's original price literally didn't make any sense at the time, being quite possibly the worst deal anyone could make back then, and for good reason, it was likely the one intended to cost 999 and the XTX 1200 - had it the ability to perform like the 4090 does.
Factor in the studio drivers, support and validation for pro apps, etc. - it's not even a contest anymore. The only scenarios where the XTX even barely keeps up are where raw memory bandwidth is needed:
With the recent overhaul of our DaVinci Resolve benchmark, we thought it was a good time to do an in-depth analysis of the current consumer GPUs on the market to see how they compare and handle multi-GPU scaling in DaVinci Resolve Studio.
www.pugetsystems.com
And let's not forget that it took it 2 years of driver updates to reach the state that it is today. I guess i'm just not "nice" and "forgiving" when it comes to this, but I bet anyone who like me had an RTX 3090 in 2020 is going to share my view on it: they're 4 years behind at a minimum. Probably more, since I could run DLSS 2 back then and it still looks better than anything with FSR today.