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This is where there's a bit of a discrepancy here.Not to drag on about this, I think you can get an Intel CPU with an iGPU of similar processing power for less. You will have worse Intel HD graphics, you won't play games on it but you won't on this APU either, unless you like playing at barely 30 FPS at the lowest possible settings. Also it's a bit expensive for what it is IMO.
Pretty much what I'm trying to say.
It is true that the graphics for the 5700g are rather weak but they're twice to three times stronger than similar intel hd graphics. For a similar intel offer you need to go to iris pro and they just won't release that for the desktop: you have to get that on just laptops or some mini pcs like the NUC devices but not something enthusiasts can actually build.
Now if you just look specifically at AAA games that came out between 2019 and 2021 then yes, the 5700g might as well be intel hd graphics because it will still be "unplayable" for the most part.
However, there's a vast library of older titles in which the intel hd would still be considered "Unplayable" but the 5700g will do the trick just fine: GTA V/Online for example is one such example. Fortnite is another. Many of the lighter titles like Overwatch might not be flatout unplayable on intel hd but actually become capable of high refresh rate with just the 5700g
So for a significant part of the games that statistically, get more people actually playing them than AAA games, the 5700g offers a very substantial benefit over 11400 or 11600 type CPUs from intel unless you step into laptop territory in which case yes, iris Pro becomes somewhat competitive but still decisively slower on average than the 5700g
For anyone that cares about just the latest and greatest there is no argument, APU graphics are still useless. But I'm not going to stand here and pretend that AAA gaming is the only name in town, I'm tired of such PC Gamer elitism.