That's the entire product stack this generation except for the 4090 IMO. 16GB would have to be on a 256bit memory bus, which is the 4080. A 4080 at $800-900 would sell like hotcakes. As a side note, I've been curiously watching stock of 4060 ti cards at my local Micro Center. Whatever the reason or combination of reasons, they've only sold about 9 4060 ti cards and they have a floating stock of around 55-60 units available.
I think even if the 4070ti would have been a further cut on the 4080, letting the 4080 live on just where it is, and the 4070 was the current 4070ti and so on down the line they'd be in a really solid spot.
That said, I wonder if they are just sandbagging in a down market. They "know" volume will be crap so they are giving us the minimum possible uplift AND tweaking the MSRP lines up to make the most out of the limited volume of sales. I can't fault them for that, but I don't have to "like" it. It sets the bar low for next gen products struggling against limited silicon budgets too.
In the future if it looks like there is a big opportunity to sell in volume, the 5000 or 6000 series can be tweaked to really deliver a lot of value against the current 4000 series cards.
From COVID to Eth to a soft economy we aren't getting many breaks here.