I'm no expert, but looking quickly at the release dates of the iMac models over the past few years it seems that they follow fairly closely the intel CPU releases, 3-6 months behind usually and rarely skipping a generation. Longer delays like the one between the late 2015 and the mid 2017 models correspond to a longer delay between the 6th (Skylake) and 7th (Kabby Lake) generations. Is this correct?
If so, why shouldn't we expect to see refreshed iMac in Q2-3 2018?
Well, as mentioned, I'm predicting Q3 2018, partially for the reason you cite.
Indeed. I'm just saying the current iteration is a really good one.
Yes I bought the current iteration as soon as it was released. However, I desperately wanted to wait for the 2018 6-core models, because I thought for budget year reasons I wouldn't be able to buy in 2018. It turns out that was wrong, and I could have bought in 2018 no problem. The good news is that in reality for me (and probably the OP), the performance of the 2017 models is fine. However, with the OP, if he can wait 6 months, he'll be essentially getting a 30% performance boost at the same price, most likely... if my crystal ball is right.
Well, I just purchased a 2017 5K iMac with 256GB SSD. I'm quite happy with it so far. The nice thing in LR is that I don't need to zoom hardly at all anymore while editing 20MP RAW files. There are still a few "Loading..." screens going between RAW files, but I'm still on 8GB of RAM at this time. How seriously do you use LR? If you make a living using it, I'd wait either spec the i7 iMac, consider the iMac Pro, or wait for what Apple may bring in 2018.
I actually originally bought the 2017 i7-7700K, but ended up disliking it because of the fan noise under load. So I returned it and bought the 7600 (non-K).
For the OP, I'd probably recommend getting the 7600K or something like that if buying now, or else just wait and get the 8400. I wouldn't even consider the i7-8700K unless he did some hardcore video editing or something or perhaps was a pro photo editor where every last ounce of performance counts.
BTW, the only issue with waiting... besides the wait... is the fact that Lightroom and Photoshop aren't actually well optimized for multi-core. OTOH, for video encoding, those 6-core machines are beasts performance-wise.
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Does anyone know how the speed of the top end '17 iMac with i5s compare with a iMac 15,1 with an i7?
Cinebench of i7-4790K is 900. <-- 2014 iMac Core i7
Cinebench of i5-7600K is 660. <-- 2017 iMac Core i5
In other words the 2014 i7 is over 1/3rd faster than the 2017 top end i5.
OTOH:
Cinebench of i7-8700K is 1425.
Cinebench of i5-8600K is 1040.
Cinebench of i5-8400 is 870.
If I were to buy in 2018, I'd probably get the i5-8400. That's roughly the same speed as a 2014 i7, but with a much lower power chip. Or maybe something like an i5-8600 (non-K), if they release one.