On a somewhat related note - would you recommend a CPU upgrade at this time? I could get a Ryzen 7 5700X CPU to will replace the R7 2700 in my B450 Gaming Pro Carbon. Would that be a good enough upgrade to justify the cost of replacement? I know there would be pretty good improvements, but I don't know how worth it they would be. I do primarily video editing with some gaming as a fun past time. Davinci Resolve is my editor, so it is more GPU bound than other editors. But I imagine a better CPU would still make a decent difference. Hard to say for sure how much though.
This is my suggestion. I have a AMD 1800X which actually = the AMD 2700 and it is 5% less than the 2700X. This is my back up computer and it is rock solid for what it does. It's not really that obsolete.
This IMHO will give you some time to make a future purchase. Just a few days ago Intel just came out with their I5 Series of CPU and that looks overall good in the price VS performance over AMD 7600X.
Both Gamers nexus and Hardware unbox has done articles on their Utube sites but I know TPU must have something coming soon. I say this because this is one of the very few sites these days that I respect the own and the overall community.
If you can wait a few more days then I suggest you do that. Because I've got a strong feeling that prices are going to drop even further on previous generations components.
Generally Speaking for the past 9 years I've been purchasing components from the end of October to a Week before Xmas. After Xmas sales IHMO are a hit or miss. Everything these days are orbiting around Black Friday + Cyber Monday and for the past several years they have extended sale ranges to really starting at the week of OCT/NOV and goes on from there.
However lets get back to your original question on upgrading to a 5700X. First of all you will notice a overall difference over the 2700X.
The price right now is around $230.00 US Dollars new. Your CPU Cooler and PSU should not have any issues making the switch.
And overall because it is running @ 65Watts your mother board will thank you for it.
It really depends on how much money you want to spend and how many years you are going with the platform. You also might want to look into used CPU's. I do that from time to time myself. The 5700X was just launched this April so even used, the CPU should be good.
If I was buying that CPU right now I would snag it around the $180 US Dollars + used and $210 US Dollar Range new. The reason why I chose the $210 amount is that you still have to pay for shipping and handling and taxes. And that brings up the total to the total around the $230.00. The current cost with tax+S/H is around $250 and then I start to question the cost of purchase.
A used one @ $180 with Tax +S/H will be around the $200 range. As you can see that does many a difference in pricing.
Here is something you might want to look at as well Hope this helps.

IMHO the 5700X is really not a bad upgrade to make with what you have if the price is right