Something like that yeah, its been a while.
If Big Navi is able to get close to a 3080 in terms of performance, I'd consider that a success.
Another question is if they're able to match the RTX tech stuff, like DLSS and I\O, which is bound to play a big part in upcoming games.
Say what you want about Nvidia and their business practices, but they do have some cool tech solutions and they are really good at making game companies adapt to them. Which again puts more pressure on AMD. NVENC alone is enough for many people to completely ignore AMD, so will be interesting to see what the whole RTX package will do.