TL;DW:
Nvidia's RTX 5050 is a waste of your time, money, and trust as a tech consumer and PC gamer.
Please consider buying a used GPU on Ebay, Kijiji, or anywhere else you can as you will get a much better deal than this.
As a monopoly with 92% marketshare, Nvidia is actively choosing to deceive consumers to buy whatever they're selling.
Maybe if you look at price per fps, otherwise they did have improvements.
AMD's 9000 series specifically targets better RT performance (edit: that's on top of overall architecture improvements), plus they get some new software (FSR4, RIS2), same with NV software, but compared to AMD their midrange is even more disappointing. But if you're only worried about value, 7800x3d (or 7600 on the budget side) is still king, and buying a (tested) used GPU is still a better option.
We still haven't seen all of Intel's generational range, so far they look p cool