I'm really starting to think there are many people on this forum who post without any research.... and then proceed to post false information. The 7700k will remain in the 300$ range. Unless Intel decides to drop its price to compete better (very unlikely). The 1600 will remain the Midline-budget processor until at least coffeelake.
P.S. Hate to break it to you c0rnel AMD hasn't always been behind Intel. If you mean in the last 8 years sure. AMD has caught up to Intel's current line up outside of single core operations. AMDs 1700 will beat any of Intel's mainstream line up for workstations. When it comes to gaming streaming and other multitasking, the 1700 can beat the i7 7700k. The only reason the i7 7700k is still top dog for gaming is because it can be OC'd to a higher clock speed and does have a higher IPC. This makes it stronger for gaming because many games still do not look past 4 cores.