The 8GB 5500 XT is certainly a better card, which I mentioned in the conclusion. It all basically comes down to the actual street price. GTX 1650 Super goes for $325 on eBay, but Nvidia cards often cost more even on eBay. This will probably end up in the $250-$300 range. At $250, for some it might be worth getting this over the previous gen card, but honestly I'd try really hard to go up to a true midrange (performance) card like the RX 6600 or RTX 3060, or just wait out the shortages. Even Xbox Series S is a better option right now than a $300 ultra-budget GPU like the 6500 XT. If you need something to tide you over, and you can get this card or something similar for $200, that's probably okay — not great, but okay.The 6500XT is slower than the card it supposedly replaces, the 4GB 5500XT. Have we ever seen that? If you're stuck on PCIe3, the 6500XT is a lot slower. Over the last month, 4GB 5500XT's have typically been selling used for $250-$300. These aren't 6 year old cards, and likely haven't been used for mining. Based on a guesstimate of what the street price of a 6500XT is going to be, would you recommend it over a used 5500XT for people that don't have a PCIe4 motherboard? 8GB 5500XT's are selling for about $350.
Based on other RTX 30-series cards, unfortunately the RTX 3050 may end up selling for $450-$550 on eBay, at which point it's again a hard pass. Or, just be patient and bid on auctions or make offers until you can get one for no more than $350. Looking at the eBay history, about 1% of RTX 3060 12GB cards sold last month for $500 or less. Ouch.
FWIW, the lack of encoding support doesn't really bother me much. I don't think many streamers are going to buy a card like this, and decoding support is still fine. Again, it's a step back so "fine" is not at all "good," but I could certainly live with it. Just like I could live with running this on a PCIe Gen3 interface if I had nothing better.