My first rig was a P4 Prescott

eek

. Thanks to the extra thread from HT it remained a fairly smooth experience for 5 years, even if a program was thrashing away in the background.
My i7920 and it’s 4C/8T were all used during video encoding which I do a bit of. Plus my entire family uses that machine. It remained responsive even when others were leaving crap running in the background.
Now I expect the new TR to be even faster at encoding and remain responsive regardless what we throw at over the next couple of years. I’d also expect that software becomes more multithreaded aware now that intel has finally started adding more cores.
(Quite frankly I was very disappointed that when I started looking at a new machine last year intel mainstream was the same 4C/8T I have had since 2010, just with fewer dim slots and PCIe lanes - what the hell have they been doing for 7 years?)
Now if you are the only user, only play games and want to rebuild the machine every couple of years another cheap quad core might make sense. Anything else, I’d recommend getting more threads.