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I'd say it all depends on how strong the 7nm process and Navi are.

If the gap between Navi and Vega at same power consumption isn't very big, then I fear a mid-gen upgrade will be necessary as the next gen would then be only barely over Pro/X visually, thus potentially not giving much incentive for those who have a mid-gen upgrade console to buy another console just yet. It would need a bigger upgrade to get enough of a gap for that, and that one might only be commercially possible (meaning cheap and lessened consumption enough to become viable for a console) later down the road.

In other words, we'll have to wait until we get some specs about the next gen and then we can assume if or if not.