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Moore's Law is Dead estimated that the GPU will be approx 20% less performant in real world gaming than the PS5 given that games will be less optimized.

He did add the caveat that by the time that it comes out FSR4 may very well be available on RDNA 3, which would help shrink that gap.

From my POV I'd have liked to have seen something with a little more oomph. If the pitch was 'this will play games at parity or better than PS5/XSX but give you access to your steam library (which is far far superior to those of the consoles & these days includes most of their newer 1st party games) & also gives you the flexibility of a PC it'd have been hard to resist.

Even if that would have made it 100 - 200 bucks more than the PS or XB it'd have been worth it for the access to cheaper versions of games + the advantages I mentioned above.

If it ends up being a similar price to the two consoles but 20% less performant it feels like more of a compromise to me...

I hope they come out with a 'Pro' version at some point that can trade blows or surpass PS5Pro, again would be willing to pay over PS5Pro sticker price for the clear advantages.

Failing that, a version that allows you to swap out GPUs, even if that means mobile versions to keep the form factor small, that would solve a lot of problems.