Yes, but I was specifically talking about overclocking. The 10980xe review I linked to had all 18 cores running at 4.9ghz, so of course power efficiency is going to go out the window.is power draw not part of the design?
That said, the power draw probably wouldn't be that bad for gaming workloads, even when overclocked because no current games will ever come close to utilizing that many cores.
If you're doing rendering though, then you will have a mini nuclear reactor in your house!