These are 8-core overclockable chips for $400-$500, so I don't think they
have to trounce the i5's and the i7's in gaming. The big question mark, to me, surrounds the overall performance for general tasks, editing & media server decoding. The effective real world IPC advantage of Kaby Lake & Skylake (since the former offered no practical improvement) per core over the Piledriver chips was ~60-65%. Ungodly. This Ryzen release appears to reduce that advantage to around ~20-30%. That's just an extraordinary net gain. Ars Technica measures the Ryzen chips IPC improvement as 52% over Piledriver chips, so it seems to make sense.
Ars Technica > AMD Ryzen 7 1800X still behind Intel, but it’s great for the price
Sure, recent i5/i7 owners won't see a need to upgrade, and it appears unlikely to upend new builders of pure gaming rigs, but was that realistically achievable within the context of gaming benchmarks considering the multicore strategy AMD chose to pursue a decade ago? A Gaming-Class CPU + Unlocked-Motherboard replacement is never a trivial cost.
I think MMO gamers on the more graphically demanding titles out there who run custom "Extreme" settings (ex. 4K w/max view distance) might be the biggest winners of all. Take the 1800X into the heart of Dalaran on a busy day and watch it laugh.
Which of course won't matter in the real world. If that's all they sacrificed, then what a fantastic management of resources. Who in the hell is going to run a "low-resolution" system on a $400+ overclockable CPU that itself doesn't include integrated graphics?