If you were on the verge of getting a 7700k or something, it looks like now is the time to buy (or give Ryzen a shot!).
Personally I'm willing to pay a bit more to give Ryzen a chance, because hopefully it will lead to sustained competition in this space again. A $500 8-core CPU is more than I need for gaming right now, but given that my 2500k has been great for 6 years, I don't have a problem spending $2k on a PC every 4-6 years for really great performance.