Mobile might be a different story, due to the reasons you list, but at least competition is back. Those new 15W Intel quads have also taken quite a hit on base frequency to hit that TDP, from what I've seen. Enough that RR might not be at a significant disadvantage. The GF 14nm process is very efficient at lower frequency/power settings. It also has that excellent IGP to fall back on. With far, far better drivers then Intels.
Relative power usage, also remains to be seen. Intels focus for most of the last decade has really been on laptop chips and getting power consumption down.
We are talking about theoretical benefits of an unreleased chip. IMO history shows us that expectations usually exceed practical reality when the product is delivered.
Intel's chips are also a great fit for a general usage PC. In fact something over 60% of the PC market are just that(IIRC). Intel IGP chips with no dGPU.
RR is largely an unknown quantity right now. It should be a large improvement on the previous APUs, but having a better GPU for a big audience that never cared enough to get a dGPU doesn't seem like it will make that big a deal to most people.
It's nice beat Intel's IGP, but this is NOT a dGPU replacement for hardly anyone. Most of the people who care about gaming, enough to care about GPU performance, will still be wanting some kind of dGPU.