Yep.
Not much point in anything unless you build a new system completely such as Skylake (i5-6600K for example) or AMD's AM4 upcoming socket. I think the 8C/16T CPU will be their first 14nm, Zen CPU and hopefully a good value.
It should get roughly 2X the performance of the FX-8350 (which I assume means hyperthreading and using all 16 threads in video editing or something).
We should see six and four-core CPU's later. Probably they will include defective 8-cores once they build up enough and solder off the defective sections.
AMD needs to aggressively undercut Intel to bring back its market share, however since Intel charges $1000USD approximately for its cheapest 8-core, we'll probably need to wait for 4/6-cores for reasonable...