No doubt that some people will go this route, but with what has been shown so far concerning the performance, preordering one at a the highest price Intel will ever get for this CPU is not something I'd ever consider.
But we all have our own vices where we can look past the pricing of the product, but the pricing premium of this CPU compared to the 10900k is tough to swallow when it comes to any "real world" difference.
For many of us on the forum who are IT professionals, engineers, or equivalent, the price difference is only 2 hours of work. There is hardly enough difference in price from the 11700k to the 11900k to even bother considering. But, I just couldn't do it based on principle of not wanting to get ripped off. Unless there is something really surprising in the final benchmarks, the 11900k just won't even be noticeably faster than the 11700k on just about anything. I personally have to agree that Intel is overstretching on pricing here.
I will be getting a new computer in April, and the choice for me comes down to OEM availability. None of the i9s seem even remotely worth it. So, it'll be the 11700, 11600, or maybe just maybe some OEM can get an AMD chip in stock and I'll go that route. I normally like the $499 Dell, which in this case is probably going to be the 11400. With the gimped GPU, the 11400 doesn't tempt me this time. So, I'll likely splurge for the 11700 chip.