Agree. The 8-gen, with more cores and good frequency, is admittedly an substantial improvement on the 7-gen. The higher launch price may give way to more competitive pricing as soon as volume is up. And more budget friendly platform options will arrive as well. Still, with more cores and threads, Ryzen remains in the game, and will probably be competing fiercely on price, if need be, to maintain and increase share.
I will keep an eye on the Mindshare statistics throughout Q4 to see how the battle unfolds.