Given the above mentioned SPR benchmarks, I'm not seeing how these "leaked" Emerald Rapids specs really move the needle much against Genoa and Bergamo?
Videocardz report on Emerald Rapids Specs Leak
I get that, in a "glueless" 8C configuration, 8 EMR packages would be difficult to beat with a grand total of 512 cores and 1024 threads, that makes up near trivial portion of the market. In a 2P situation, you have EMR with 128 cores vs. Bergamo with 256 cores and Genoa with 192 cores. With the performance delta that still seems to exist, you need 4C SPR and EMR setups to challenge that with 224-256 cores. We also have to keep in mind that, the more packages that you have to have on a board, the more communication overhead there is between them. You loose scaling as you add more and more processors.
IMHO, the only thing that remains to be seen is how Intel's HBM solution compares to AMD's X series with stacked cache.