If you first design something for an interposer, you are going to need it. Both for the CPU or GPU alone. You will need more chip designs. Plus you need interconnects on all chips you wish to use and such. This will also add cost and size.
And yes, 5$ would completely break the lower end. Specially for a company where 50 million $ can mean the difference between loss or a profit.
Remember people buy CPU performance before GPU performance. If the CPU doesn't deliver, the IGP is meaningless as shown by current sales.
Assuming the big iGPU Zen consumer APU "for interposer only" die is designed as 4C/8T that should yield mostly 4C/8T, some 3C/6T
and just a very small amount of 2C/4T.
If the interposer allows for a larger BGA interface (which I imagine it would) this should also give AMD more flexibility with power than we see with socket BGA FP4 (which I believe is 45W limit)....possibly 65W or more for the new BGA interposer socket.
So maybe in ideal situations we see 4C/8T and 3C/6T being used in higher end mobile and 2C/4T large iGPU used for BGA desktop/lower end mobile. This with a choice of dual or triple cTDP levels (ie, 35W, 65W or 35W, 65W or 95W).
2C/4T Zen with large iGPU which is the worst case scenario bin (assuming enough TDP) should do well enough in games and other activities.
So then the question becomes is 2C/4T Zen and large iGPU justifiable for a $5 interposer? I would think it seems reasonable enough even for this low/harvested bin. With that mentioned, how much does the actual HBM2 cost? Example: 2 High stack of HBM2 for 2GB at 128GB/s.