https://www.techpowerup.com/251444/amd-radeon-vii-detailed-some-more-die-size-secret-sauce-ray-tracing-and-more
 
To begin with, the company talks about the immediate dividends of switching from 14 nm to 7 nm, with a reduction in die-size from 495 mm² on the "Vega 10" silicon to 331 mm² on the new "Vega 20" silicon. The company has reworked the die to feature a 4096-bit wide HBM2 memory interface, the "Vega 20" MCM now features four 32 Gbit HBM2 memory stacks, which make up the card's 16 GB of memory. The memory clock has been dialed up to 1000 MHz from 945 MHz on the RX Vega 64, which when coupled with the doubled bus-width, works out to a phenomenal 1 TB/s memory bandwidth. 
 
 AMD is attempting to make up the vast 44 percent performance gap between the RX Vega 64 and the GeForce RTX 2080 with a combination of factors. First, AMD appears to be maximizing the clock-speed headroom achieved from the switch to 7 nm. The Radeon VII can boost its engine clock all the way up to 1800 MHz, which may not seem significantly higher than the on-paper 1545 MHz boost frequency of the RX Vega 64, but the Radeon VII probably sustains its boost frequencies better. 
 
The Radeon VII will be available from 7th February, priced at $699, which is on-par with the SEP of the RTX 2080, despite the lack of real-time raytracing (at least at launch). AMD could shepherd its developer-relations on future titles being increasingly reliant on asynchronous compute, the "Vulkan" API, and other technologies its hardware is good at.
 

I suspect the Vega II will be discounted slightly below the RTX 2080 to gain some momentum
 

HaywireHaywood
Same MSRP? Disappointed there. AMD is has always been the budget alternative. If they're going to be lacking RT, they need to be superior in rasterization to ask the same price.  We'll see what the reviewers say.

I personally think it will depend on what we find out at E3 this year as to how important the lack of RT will be. If Microsoft or Sony announced a next generation console in the works without RT support that would really make the VII seem to be better at least on paper. It really depends on if consoles stick with AMD since in 2-3 years when the next generation of consoles comes out we could see this generation being the basis of the hardware used.

kram36
 
 
You have to be kidding me. You are basing PC gaming power off of what gaming consoles do? Turn in you PC Master Race Card!
 

I think what he means is if consoles do pickup RT, it will blowup mainstream to the use of it since most devs portal consoles tech first and than make changes for PC use.  It's more cost effective and the logical business thing to do and has been done for a long time now.
 
With that said, I hope consoles pick up RT now, since I own a RTX. lol

kram36
 
 
Ray Tracing is coming, doesn't matter if gaming consoles pick up on it or not.

Yeah I get that and I'm not arguing that.  What I'm saying is if consoles do pick it up, it will catch up faster and be more mainstream.