I think this is pretty much spot on. The workstation market was one Intel were climbing all over, be it with the Core i HEDT chips or the workstation Xeons.
What's amazed me is just how well AMD have executed in that market - if you look back to the 1950X review it was beating the 7900X by similar margins in MT productivity - Intel responded by bringing its next line of Xeon dies down into the HEDT workspace (hacking off ECC support and a couple of memory channels on the way), and AMD just hammered them again. And they're doing all this on a shoestring budget, with minor core and process improvements .... what's going to happen next year when they jump a process node and release a second-gen Zen core?!