Totally. Those R5/lower end R7 SKU's from AMD don't make much sence atm with current prices of motherboard and memory. Apparently (an not surprisingly) they aren't really selling all that well either, according to some Youtubers. I think they'd have to drop prices in the next couple of months for them to do actually sell through.
Same with those ridiculous X670 prices.. And now with a full stack of Raptorlake CPU's out, both lower end CPU's are looking rather daft when looking at total system cost to performance. Especially for gamers, and people who are into mid-tier stuff.