How they are going to archive that exactly? RX470D is over 100W TDP for the GPU alone, you want a 4/8 + RX470 + HBM stack for 95W?? I really dont think that is tecnically possible. MB VRMs might also be a problem, they were already a problem for FM2.
Also i dont think they can offer an APU like that for less than $300, remember that they need to make money at the end of the day. They also have Microsoft and Sony pressure NOT to do something like that, console killer APU for less money than a console? yeah, not gonna happen.
Two issues here.
1] A full P10 gpu downclocked to achieve the performance level of a RX 470D [28 CU] would need to be run around 950 Mhz. This allows a very low core voltage [.9V ?]. I believe power usage will be much lower than the 100W you claim. I'm assuming you've seen the 14LPP voltage /frequency curves. A single CCX Zen complex @ 2.8 - 3.0 Ghz should need around 25-30W. A single 2 Gb HBM2 stack around 5W.
We would have about 60W remaining for the GPU portion. Even with Polaris, this should be possible. Assuming Vega is more power efficient, why do you see this as impossible?
2] The full Fiji assembly appears to cost $188. This is with a 600mm^2 GPU + 4 stacks 4-Hi HBM + 1000mm^2 interposer.
Do you see a much smaller APU + 1 stack 2-Hi HBM2 + less than half size interposer as costing more? All at much higher production volumes to even further lower costs. I see the cost as substantially lower.
Remember there is no cooling unit or PCB as on a Video card.
TO sm625, it seems we have arrived at similar values