I believe this has essentially been solved by the AM5 platform. The Ryzen 7000 IO die has a x16 slot which can usually be configured as 4x4, and has a tiny igpu

I believe this has essentially been solved by the AM5 platform. The Ryzen 7000 IO die has a x16 slot which can usually be configured as 4x4, and has a tiny igpu which should be plenty for occasional server use. The budget Ryzen 8000 CPUs are indeed quite limited, which is a shame if you wanted to go for an 8000G APU to use its powerful iGPU for transcoding.