I would be very surprized if any chip company could produce that chip in 2016. Current console APUs were already close to the limits in chip size, and we are talking about 4x+ increase in CUs (assuming it has FuryX sized GPU to match that BW). That 32 MB L3 cache would take more area than the Xbox One ESRAM, as caches require extra space for tags. One Zen CPU core should be at least 2x bigger than one Jaguar core. So with twice as many cores, we are talking about at least 4x bigger area. I am just a bit sceptical whether this all is possible at 14nm and what kind of cooling is required for this beast. TDP must be quite extreme
That APU would meet my next gen demands, if next gen was launched in late 2017. 4x faster GPU and 6x faster CPU (assuming 1.5x clocks and 2x IPC, counting HT) would not exactly reach the usual generational gains, but it is clear that we are not going to see 10x+ gains anymore, since we are power limited nowadays.
Conservative rasterization means that it can rasterize too many pixels (but always includes each pixel that is covered). The "is pixel inside a triangle" test is conservative.