I said Intel is a generation behind
They're not though. Once the 4060 arrives I'd agree. The RT and AI upscaling is there and both are well-regarded as essentially equal to Nvidia's. Late, but not behind.
The 4060 should perform like a 3070 did. Arc definitely competes in the 3060-3070 range today though, depending on the title. Nvidia has such oversupply of GPUs that they have to continue leaving an opening for their competitors, rumor is June '23 for the 4060.
So are the cards good value? Once the drivers are fixed, sure.
If you actually do the shopping on what's available at places like Newegg, the market is still pretty tough right now. Considering prices and availability, the only cards I'd buy today for myself are the 6700XT and A770. The Intel cards do get a free point for the novelty of them and their unique features (16GB, strong RT, good upscaling, AV1 encoding, Intel Deep Link at a whole $350). And there's only a single SKU of the 6700XT that I'd buy right now (a sub $400 model). Speaking as someone that has a 3080 Ti and A770.
Is it enough to upset the duopoly between Nvidia and AMD? No.
The duopoly is already broken. The cards work today and are selling. Not sure what "breaking the duopoly" requires other than a valid 3rd option. Especially in this market.
I referred to Doom Eternal because I was in a game while checking Toms and reading these comments. This card is getting used, and contrary to reviews, it's actually impressive. If you just use it like a normal person, it just works. And this is their 1st generation? I've had no problems with it. I was going to buy a 4070 but I'm not sure I'm even going to bother now. I've been using the A770 daily for over a month now, and can definitely use it every single day going forward till Battlemage. It's just as reliable as my 3080 Ti. Probably more reliable so far, as Nvidia is always pushing the edge and breaks things in drivers often.
My buddy who uses a 6900XT also picked up an A770 on a whim has had the same experience, says he could use it as his daily GPU as well. Sample size of two, but the majority of Newegg reviews are 5 star and positive so reality is hitting these "pro" reviewers pretty hard right now.
I couldn't disagree more with the "reddit" narrative that you shared here on Arc being such a sad case. Popular sentiment? Yeah. But I actually have a card getting punished daily, and that reddit narrative doesn't line up with my experience.