AtenRa, I'm not disagreeing with you, but giving a basis for comparison:
My i5 3570K (22nm) at 3.4ghz (non-turbo clock of 2600K) draws around 38w under an AVX load. At 3.6ghz, the 2600K's 4-core turbo speed, it draws ~44w. This is the CPU portion alone, and would leave very little thermal headroom for the GPU, but I could see the CPU downclocking a little under heavy GPU loads. Early Zen will not have an integrated GPU, though, so this is a moot point.
i7's draw more power than i5's, when fully loaded - perhaps 10-20%? I'm ballparking this number.
If you are targeting Sandy Bridge overall performance, by aiming for slightly lower clocks with higher IPC, it looks a lot more feasible. Skylake is in the range of 20-25% faster per clock than Sandy and would only need to be ~2.8ghz to have the same performance as a Sandy i7 @ 3.4-3.6. At 2.8ghz, my 22nm i5 draws only about 23w more under an AVX load than at idle. This number would be lower on 14nm.
25w is optimistic, but it doesn't seem unreasonable AMD could easily get to that performance level at <35w, possibly even <30w, without an iGPU inflating TDP.