Intel, never (or rarely ever) in their history, have they ever cut prices. There is no way they will cut the price of Alder Lake so soon, especially since it is the undisputed performance king. It is simply a move that is not necessary and 100% goes against their history even when they were uncompetitive against AMD. While Intel could cut prices, nobody who has studied Intels pricing history would expect Intel to do this. It would also be very bad business to do so right after release and would send the wrong message to consumers and investors. Making the argument that Intel could cut prices to kill AMD isn't a very good one.AMD is in a bad position.
"They need to lower prices", but they don't control how much they have to pay to fab the chips. This is the advantage that Intel has that can kill AMD, they can be much more aggressive with prices to undercut AMD and break their momentum.
As expected Alder is faster on games, AMD can recover with Ryzen is 3DNow!™ but this will make the chips more expensive, so how can AMD compete (on games)?
I'm surprised that Alder didn't beat AMD on productivity but it's close enough and people are saying that Zen 4 will only be a small improvement.
It's the "back to a competitive scenario" that people where hoping, but personally I dislike this.