6C Coffee Lake (if unlocked) eats into the value proposition for the low-end Skylake-X for sure. Based on current leaks, the only SKUs worth considering are the 10C or 12C versions. Compared to AMD, the SKL-X 10C should meet or exceed Zen 12C, and SKL-X 12C may exceed Zen 16C when overclocked.
16C is only 33% more cores than 12C, so the difference can easily be accounted for in other factors. The multi-threaded difference between the SKUs will probably be 5-10%, and the Intel SKU will encounter less Amdahl's Law limitations in real usage.
4.5 / 4.1 = 10% clock advantage
5% Skylake vs Zen IPC advantage
10% scalability advantage from non-MCM
=
27%
At the end of the day, it all comes down to pricing. My intuition is that Zen 12C/16C is going to be half the price of the 7900X/7920X, so the "volume," if anything HEDT can be described as such, will certainly be going with Zen. However, claims such as "you can buy two AMDs for the price of one Intel" are just as fallacious as the statement "two Hondas drive faster than one Ferrari." Such claims are also incorrect, since the CPU is not the only, or even the majority, cost of a complete system.
P.S. If anything is off-topic in this thread, it is not AMD, but rather gaming discussion.