Intel i3-8350K vs Ryzen 5 1600 vs I5 8600k : Battle for Budget Supremacy?

Hi, folks. My pc upgrade point is nearing. I'm currently using Intel i3- 3210 CPU. It's nearing its end and will possibly replaced by a new CPU in Q1 2018. So I was curiously watching the recent developments and trends in the CPU industry.
Currently, a heated war is going on between Intel and AMD. My original plan is to get Ryzen 5 1600 CPU, but the new Coffee lake processor launch is near and thought I should wait a little longer before i3 8350k arrives or may be core i5 8600k.
The rumor circulating is that it trades blows with Ryzen 7 1700. Let's wait and see I'm upgrading in Q1 2018, So I will have enough time before the update.

The overall decision will be based on gaming and multitasking performance, future upgrade path. How much CPU+ MOBO combination costs and price-performance. Decisions haha

First, here's the spec war between I3 8350k vs. Ryzen 5 1600 vs core i5 8600K

CPU	RyZen 5 1600	Intel i3- 8350K	Intel i5 -8600k
Socket type	AM4	LGA 1151	LGA 1151
CPU Cores	6 core/12-thread	4 core/ 4 thread	6 core/6 thread
Clock Speed	4 GHZ	3.4 GHZ/ Turbo 3.6GHZ	3.5 GHZ
Power	65 W	65 W	95 W
Unlocked	Yes	Yes	Yes
Cache	8 MB	16 MB	9 MB
Family	Zen	Coffee Lake	Intel i3- 8350K
Manufacturing Process	14nm	14nm	14nm

The Specs are almost identical but architecture is totally different. Lets wait and see who wins.

As you can see the quad core i3-8350K has a stock clock of 4.0 GHz, 8MB of cache and a TDP of 95W. What interesting is Intel's mid-range has shifted to lower side. i3 now comes with quad core. In fact its the first one to feature four core. My previous generation i3 has only 2 cores and 4 threads.

Ryzen 5 1600 on the other hand features overclock. The b350 motherboard is comparatively cheaper when compared to overclocking supported intel motherboard. And I also saw some hits silicon lottery and gets overclocking it to 4GHZ on air. Speaking of cooler Ryzen 5 1600 comes with wraith spire cooler

Well, that's it for now and let's wait and see the reviews and finally judge which one is the best bang for buck overall.

finally the covefefe lake is out. But curiously the mid range gaming champion is Intel i5 8400 because of lower price and performs similar to ryzen 5 1600 in games.
But the overall package may not be worth till Q1 2018 because the budget mobos are releasing at that time frame.
I think ryzen 5 1600 is still the best bang for now because of cheaper mobo and AM4 platform support till 2020. And also i can drop another good cpu without changing motherboard which could last another 4 years till 2024 before upgrading to a new complete setup or save the extra for a new GPU.