The question is if Socket AM5 will be able to attract Socket AM4 users, and I don't think it will. Let's say it's on average 25% faster per thread than the Ryzen 5000 series. The cost of a new motherboard and RAM in addition to the CPU makes that 25% cost an awful lot. Even a Zen 2 or Zen 1 user can drop in a Zen 3 CPU into their existing setup for a large to enormous performance gain for a relatively small price.
Also assuming that AMD is going to attempt to keep the same pace as Intel, the next 3 or 4 years should bring relatively decent to large increases in performance and efficiency across all segments each year, and the last thing most people want is to buy in at the start only to see each generation bring a large performance increase, as those of us who were Socket AM4 early adopters saw.
Combine this with increasing GPU supply and more people finally being able to see what their existing Socket AM4 setup can actually do, and I predict quite sluggish sales of AM5 systems.