Intel Core i5 8500 3.0 Ghz. Is this any good?

Solution
Answer is No if it’s just for gaming,

For work, it is due to some of its new security features.

Yes, it’s slightly faster than 8400 which is the best budget gaming cpu at sub 200 segment, it’s new, so it should have those spectre / meltdown addressed on hardware level.

Both cpu when paired with a 1060, should handle all 1080p 60fps on high/ultra

The money you saved can be used towards an after market cooler, which will help control the cpu temp.
Answer is No if it’s just for gaming,

For work, it is due to some of its new security features.

Yes, it’s slightly faster than 8400 which is the best budget gaming cpu at sub 200 segment, it’s new, so it should have those spectre / meltdown addressed on hardware level.

Both cpu when paired with a 1060, should handle all 1080p 60fps on high/ultra

The money you saved can be used towards an after market cooler, which will help control the cpu temp.
 
Solution
Just release yesterday. Reviews and benchmarks are still awaited. But going by the specs and potential, it should be one of the bet gaming chips in years. Better than the 8400... https://www.pcgamer.com/intel-i5-8400-review-the-best-new-gaming-cpu-in-years/