All of the 4000 series cards have looked horrible, so far. Nvidia doesn't seem to care.
Jensen spelled it out in Nvidia's conference: Nvidia is a "we design hardware to run software to improve the world" company, not a gaming technology company. Nvidia is likely perfectly fine with pricing itself out of the gaming market if that translates to more spare silicon for AI, DC, HPC, etc. which it can sell at 10X the gross income per wafer.
Now, we have to cross our fingers that AMD's lacklustre sales on RX7xxx' inflated prices combined with far less impressive share of HPC, AI, etc. sales are enough to convince it to make more reasonable pricing decisions on its lower-end GPUs to remain competitive with what Intel may be coming up next. Recent rumors say BMG may actually launch with something more than twice as fast as the A770. Hopefully Intel will have learned its lessons from the A7xx and aim for market share and brand recognition in the GPU space instead of trying to be greedy and get ignored by most of the market.
Main question, is how much Nvidia will charge for this RTX 4050-class GPU. My guess is even more than the RTX 3050 given the latest pricing trend of ADA lineup.
If there is a 6GB/96b 4050, then there will almost certainly be a 8GB/128b 4050Ti later.
I certainly hope the 6GB/96b version, if that is really Nvidia's plan, won't cost more than $250. I wouldn't buy one for more than $180.
As for a 6GB GPU being "compromised", nobody buys this tier of graphics without expecting significant compromises in modern-day titles and almost certainly even more compromises in the near future. I'm still using a GTX1050 and getting most of the newer stuff to run remotely acceptably means turning everything down as low as it goes.