There might be a few cases where the 8350 is better. But if I'm not mistaken, the Ryzen 3 1200 will still outperform it handily.
Another $50 will get the same combination of parts, but with the Ryzen 5 1400, which will definitely leave the 8350 in the dust. But, even sticking with the Ryzen 3 1200 will perform well (I suspect still better than the 8350 overall), and leave an upgrade path for faster current Ryzen CPUs, and future Ryzen CPUs as well.
And, the Ryzen chips draw about 65W vs the FX-8350's 125W. That power draw is problematic with a number of motherboards, from what I've read.