Slightly better performance than a 4060 and $50 cheaper. But the 4060 is about to be replaced with a newer model at this point, so is it actually a good deal? Questionable.
Nvidia says the $2000 5090 comes out in January. They haven't even hinted at an announcement for the 5060 so it will be a very long time before it comes out.
Number for number, sure, if it's actually available at that price.
The problem is that Intel's drivers sucked in the past, so they definitely have to prove themselves with this launch. I definitely wouldn't be buying it release day if I needed a GPU.
Given that Nvidia said to be upping the prices of their 50XX series and the current 4060 and 7600 cards only offer 8 GB of vram, which honestly is insufficient for modern games now and overpriced, yeah, I do think this will offer decent value to budget gamers.
The 20xx series was expensive, skipped the 3x/4x and went back to amd. Even though I got my 7900xtx on sale, it still was insanely expensive for a gpu...where are the $500 top gpus gone.
With its 8GB, the 4060 performs quite poorly when scaling up the resolution. There's a great video by hardware unboxed showing how limiting 8GB are, in 1440p.
I just can't imagine the extra vram making such a difference in performance that it is enough to play in 1440p, let alone on ultra. I have a 6650 XT, which is slightly slower than the targeted 4060 / 7600 and that thing struggles even in 1080p.
Check the video. It clearly shows how performance drops significantly the moment you run out of vram. It doesn't meant the performance will be perfect in 1440p, it means Intel is using that as a competition ground, something the 8GB cards fail at and maybe Intel's GPU isn't great but the 12GB will probably make a difference (and Intel is maybe being quiet at 1080p because they are likely to perform worse).