Should I finally switch to AMD and get the 7900 XTX?

I’m in a bit of a dilemma and could use some advice. I’ve got a new PC built and ready to go, but I’m stuck on the GPU decision. Here’s the situation:

  • I managed to snag an RTX 5080 for £1,126 (MSRP is £970, so I’m paying a £150 premium). However, they just pushed my order from 4th of Feb ETA to... end of May, which is frustrating since my PC is just sitting there without a GPU.
  • On the other hand, I can get a 7900 XTX for £840 right now, which is below its MSRP and significantly better deal than RTX 5080, but price is not a concern for me - I am almost willing to get 5090..

My concerns:

  1. The RTX 5080’s performance is similar to the RTX 4080 Super (a 2-year-old card), and some are saying it should’ve been called the RTX 5070 based on historical xx70-tier performance.
  2. The RTX 5080 only has 16GB of VRAM, while the RTX 5090 has 32GB but costs £2,000+ availability on 5090 is abysmal.
  3. I mostly play games like Monster Hunter, Elden Ring, and Wild Hearts, which don’t heavily rely on ray tracing, but I DO want to try ray tracing and don’t want to miss out on it.
  4. I’m also frustrated with NVIDIA’s pricing and marketing practices, but I’ve already compromised by paying £150 over MSRP for the 5080. I already kind of feel dirty for this but I would never pay for scalper level price and don't want to contribute to that kind of marketing.

So, what should I do?

  • Stick with the RTX 5080 and wait until May, accepting the premium for better ray tracing and DLSS?
  • Switch to the 7900 XTX, save money, and start gaming now, but potentially miss out on ray tracing?
  • Cancel everything and wait for the RTX 5080 to hit MSRP (who knows when that’ll be)?

I’m torn and would love to hear your thoughts. Thanks in advance!

EDIT:

I should add that I am currently using a 1080 Ti, so it's not like I am exactly without a PC or anything but yeah.. it is starting to show its age hence the upgrade decision!

Since people have asked about my new build and what monitor/TV I have, I will just put the PC part picker here:
https://uk.pcpartpicker.com/list/6nYcRV

As for monitor, its a 3440x1440 UWD IPS.
TV: 4k@120hz OLED