Yes and no...price and vram yes but as stated performance is decent compared to the 12vhpwr cards.
Unfortunately, decent performance means little to nothing, when it comes down to just 12 GBs of RAM.
That's just not a decent amount for today's standards.
Trust me, i've owned a 4070 Ti for approximately 5 months and had the opportunity to run some extensive tests. Bottom line, i expected more.
At 4K max settings, it gets kicked out of games like Far Cry 6 (released on 2021) and Resident Evil 4 (remake), due to insufficient memory.
If that's the kind of performance we get from a Ti, i don't expect a 4070 to be any better.
Also a factor: is it gonna be any good for the games that will be released in these next few months? I don't think so.