Doesn't look great at all. Looks like a game from 2014 in all the footage I've seen so far. This is embarrassing.
Sure, AMD's top-tier CPUs are awesome (Intel, do better), but their GPUs lack everything unless you're running pure raster rendering. They've got a long ways to go to catch up to Nvidia. We can't keep rendering frames like we used to. Kinda like when we moved away from pixel pipelines to shader cores back in the 8800 GTX days from the late 2000s.
AMD really needs to step up their GPU game. RT/PT is the future, whether you like it or not, and not having silicon dedicated to optimizing that is leaving AMD behind. Sure, their latest cores can technically handle it via instruction sets, but it completely cripples the card at the same time.