160-170 would be a great place to have a "666" Big Phoenix, 6C/6T/6CU, that would be a good 8500G.
150-160 for Phoenix 2 is just bad, unless the performance of those 4CU is way better than we can imagine, no matter in what way i look at it. It will be more expensive than a 5600G, and it might even losse against a 5 year old $140 3400G, remember that the 5600G is only better due to the cpu cores.
The only advantage i see of Phoenix 2 is that it might be able to get to those levels of IGP performance with a single, low speed ram. While a 5600G needs dual channel DDR4-3600 to get the best performance.
It would have been nice as a R3 8100G and R3 8300G at $110 and $130 respectevely, with a 666 Big Phoenix at $170 and maybe a 2CU-3CU sub $100 Athlon in the future.
Current prices in my country:
6C12T Ryzen 5 4600G - €101.90
6C12T Ryzen 5 5600G - €126.90 (€15 cheaper than 5600)
8C16T Ryzen 7 5700G - €191.90
6C12T Ryzen 5 7600 - €210.90
6C12T Ryzen 5 8600G - < €210.90, maybe €195-199?
6C12T Ryzen 5 8500G has to cost even less, because of 4CU IGP and lower CPU frequencies.
I kinda question, If there is even a need for a 65W model, but that one could be interesting for IGP OC at least.
As I already mentioned, those 4CUs should be somewhere between Vega7 and Vega8, because of ~50% higher clocks and a lot better IPC.
Phoenix2 will cost more than 5600g, It would be surprising to cost the same or even less.
It needs(can use) only single channel DDR5, so even DDR5-5600 will be more than enough, but that one is still more expensive than dual channel DDR4-3600.
I would still choose 8500G over 5600g, but then I would rather pay more and get 8600g.