I don't think anyone with a half-decent understanding of the market expected intel to produce anything really all that worthwhile with their first generation of GPUs. Sure we hoped, but I think we all knew it was going to be less than competitive, the real questions is what their 2nd/3rd generation of GPUs would be like, assuming intel doesn't just kill the division.
Kind of like how the first Ryzen chips were fine, but not the market shifting knockout that Ryzen 3 was. Intel's developers and engineers will have a better idea of where their designs fell flat, and their drivers need improving. Hopefully their second gen will be very competitive. Especially at the high end where Nvidia's had basically no real competition for the last 3 generations or so, but I suspect they'll focus on becoming competitive with the XX60 and XX70 cards first and will only make a true XX80/XX90 competitor if they can nail those markets.