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ok all the evidence points to VegaVII being a Radeon Instinct MI50 with the juicy stuff disabled/fused out, and sold at a lower price - Radeon Instinct die size 331 mm2 , VegaVII die size 331 mm2
But the Instinct part has 1:2 FP32:FP64 rate (reduced to1:4 in VegaVII) compared to 1:16 in Vega64 .. that's a huge increase in the SIMD unit transistor count to accomplish that.
So - as far as console parts the comparison VegaVII can be thankfully ignored (they won't have fp64 levels like that) .. and hopefully we'll see scaling more in line to the 2-3x smaller from 14/16nm expected - with Vega64 being a better starting point.
..so 64(60) CU next gen GPU should be around 486mm2
divided by 2.4 = 203mm2 - more reasonable . thermals should be down too - up to about the same amount as size.