What I'm saying is that it's better to skip Zen 3 and wait for Zen 3 Refresh to get to an attractive price, especially if Intel keeps aggressively pricing Adder Lake, and who would have ever thought that would happen, especially given that the GPU is the biggest bottleneck there is currently with even the relatively ancient 7700K not really holding back a RTX 3080 at higher resolutions and/or detail levels.
To wait or not, that depends on whether one needs a system now. In my opinion, Intel may have won from a performance standpoint, but if you look at the major e-tailers, I really don't think Alder Lake is selling like hot cakes, as compared to Zen 3 at launch. There are simply too many hurdles to adopt ADL, e.g. lack of and expensive DDR5, lack of good DDR4 motherboard (I was looking for ITX board), lack of compatible coolers, buggy Windows 11/ software, high overall adoption cost, etc. The price of the chip is low I agree, but if you consider the overall cost, it is actually not that cheap. Intel should have also released more affordable chipset, instead of limiting to Z690 since not everyone will be overclocking their processor. My take is people are excited with the new chip, but on the fence now, waiting to see if some the issues will iron out over time. I can't speak for everyone, but these were the issues that I face when I tried looking to upgrade to an ITX ADL system. So I will be waiting.
On the other hand, AMD Ryzen 5000 series may be a year old, but it is not terrible by today's standard, and the cost of upgrade can actually go quite low, for example, by opting for an A520 board, or even a low end B550 board is still affordable and don't negatively affect performance of the chip. If Zen 3 refresh is still on AM4, I think AMD may continue their CPU sale streak if the price is right.