In fact the part in question is shown at 8 cores, 5 GHz turbo, with a 95W TDP (at $488), which shows somewhat better power efficiency than the equivalent Ryzen 7 3800X (8/4.5GHz/105W/$399).
Now, that price differential may or may not be worth the moderate performance and power advantages to you, or you might be more enthused by the bigger Ryzen 9 and Threadripper parts instead which compete in different segments. But this certainly isn't an uncompetetive part from Intel.