I'm more and more seeing this release akin to Zen1 or Nehalem. Extremely promising but some rough edges in a lot of areas.
Pros :
+Excellent single thread and multi thread capabilities
+Competitive CPU Pricing
+Introduction of new standards that will only become more influential and important such as PCIe5/DDR5/x86 Big.Little
Cons (not purely negative, but perhaps pragmatically looking at big picture and assessing the total state of things) :
-Win11 and this new more advanced core/thread allocation will take some time to get it's feet under itself. After 6-12 months I imagine it will mostly be settled, but it's not something I'd enjoy hassling with at present.
-Expensive Mobos and limited selection. B/H series won't be here for a while.
-12900K needs fairly extraordinarily cooling setup. Which is fine for diehard tuner enthusiasts, but I would not recommend this for most, get an i5/i7 and a Noctua and that's better, even if you're a gamer with a 3090.
-DDR5 is new, expensive, and will mature a LOT as time goes by. I imagine before long we'll see DDR5-6400, 7200, 8000, etc, and much improved latencies.
-PCIe 4/5 are still mostly useless for real world use outside of extremely rare use cases.
-Unluckily for Intel and basically all of us, mining craze and GPU scalping is still horrendous, somewhat deflating the launch. It's damned hard to recommend someone go build a new gaming rig when the cheapest decent GPU is overpriced by many hundreds of dollars.
I'm reading the tea leaves here a bit, and although I think I'll skip Alder, I like where it's going and think that by the time Alder refresh hits, THAT will be pretty awesome stuff with most of the negatives sorted out, cheaper/better mobos, better faster DDR5, etc etc. And at that time it's going to be a question of what Zen4 means. Zen3+ Cache actually sounds kind of stupid to me considering the yield and volume situation with TSMC. I doubt AMD wants to torpedo their margins to hell and back trying to match $200 12400, $300 12600K etc by making affordable alternatives that cost an absurd amount to produce in limited numbers (IIRC they're limited to 5900 class only anyway probably for that very reason). It smells like the Zen2+ XT series, which I looked and felt like an absolute tollbag for suggesting people wait and check out, but was just a craven excuse to jack up prices for 1% gains. Zen3 was the REAL deal, I think Zen3D will be mostly a joke and Zen4 probably amazing (and new socket, DDR5, etc, making it all the better to wait for Alder part 2 and Zen4 to make a decision if you can at all wait.