I think sometimes, with a gaming ITX board, to much emphasis is put in the wrong places.
The B850I looks to be a great gaming board and at current prices easily the best option. Losing Wifi7 might matter if you spend all your time with large data transfers but for day to day use and gaming Wifi6 does a wonderful job. I see at the other end of my house connections speeds to 600mb and latency of around 20ms for internet connectivity which is more than enough for a great gaming, or everyday use experience. Adding Wifi 7 might add more bandwidth but except for downloading the games it does not really matter.
For audio, the AC1220 might not be the most current but it is a SOLID choice. If you need better audio, you're always better off going with a USB AMP/DAC instead of a newer motherboard codec.
Lack of USB 4? Again, who cares, the only time the high-speed USB comes into play is if you're using an external storage device. Even with a simple USB C I can max out an external SSD, no need for USB 4 yet. Speaking of that this board takes dings for having 4 USB 2.0 connections. However again, as a gamer this will not harm you. Keyboard, Mouse, AMP/DAC and Camera all work fine on USB 2.0 gaining nothing from the higher speed connections.
I do hate that we think of a $200 board as a budget option but if you're building a SFF Gaming rig this board is the best choice on the market of current generation boards.