This is another very good release that is also being somewhat bizarrely panned too. Yeah, it's essentially a 7600 16GB/4060 16GB, and that's what people wanted a few months ago, more VRAM. It also opens up a bunch of possibilities for cheap ML (in the same way the 4060 Ti 16GB does).
IMO this pretty well displaces the 4060 8GB and 16GB - it's cheaper (than even the already below-MSRP street prices) on 4060 Ti 8GB, it's way cheaper than the 16GB model. $50 over 7600 MSRP for twice the VRAM is a very fair deal, and street prices will probably float just as much as 7600 street prices have.
Clearance-priced 6700XT is a great deal but 7600/7600XT is ultimately a 6600/6600XT replacement and it's not a knock on the 7600 that it doesn't have the wider memory bus/etc - it is a lower-tier product that is only in the same price tier due to clearance markdowns.
I maintain that people are just mad about the whole last 5 years (since RTX launched) at this point and pretty much just give automatic thumbs-down to anything that isn't an absurdly out-of-band good product. The pandemic shortages and mining boom have embittered a fair number of people to the point I don't think they're coming back to hobby, and instead they sit on social media and complain.