What would be the point of a 24CU IGP on an APU? That's a pretty massive GPU, just slightly smaller than a RX 7600M/S, but that's a 90W/75W TDP solution. It also has 32MB of IC and 256GB/s of bandwidth out to GDDR6. With dual channel LPDDR5x the whole APU would have 120GB/s bandwidth, with DDR5-5600 it would be less and shared with the CPU. Unless they completely change the memory system, that poor GPU would be completely memory staved.
It's not that big, only 2x bigger than a Phoenix without IGP, If my calculation is correct.
I calculated
here 227mm2 for a Phoenix with 24CU + 32MB IC.
RX7600S goes as low as 50W including GDDR6 memory and let's not forget It's on 6nm process.
It's not like this 4nm APU must be limited to 35-45W. For this one add 30W for a total 65-75W and you are ready to go. If It can clock at ~2650MHz on average, then It will have 90% of RX 7700s 100W TFLOPs.
32MB IC would certainly help, but If that amount would be enough is pretty questionable.
At worst, I would use a shared 64MB LLC instead of separate 16MB L3 and 32MB IC. This would increase size by ~12-13mm2 to 240mm2.
I think with this amount, even a slower DDR5 shouldn't be a big problem.
Price could be set at $399 for 8C+24CU+64MB LLC, where It could offer better perf/$ ratio than a similarly performing CPU+dGPU combination.
What's the real problem in my opinion is OEM manufactures. As we saw with Rembrandt, they love to put AMD in premium laptops, so this in a laptop would cost more than a combination of CPU+dGPU so It would be pointless.
If they released It for DIY, then It could have a very good price/performance ratio and be a great option in a cheaper gaming machine or small form factor. In this case you can even set TDP a lot higher than 65-75W so IGP could be close to 3GHz on average.
This is my personal opinion.
P.S. The only reason I wouldn't buy this even If It existed is that I am limited to a laptop and a CPU+dGPU option would end up cheaper. Still, buying a new laptop for >€1500 with only 8GB dGPU(N33,Ad106,Ad107) doesn't look so great.