Good points made there, I would say that Z270 may not have offered much extra for the work required either. Bear in mind also that an October release of the iMac and cheaper MacBooks mean that students miss the window of opportunity for a Mac to School bonus - also good for Apple's bottom line.
The 8086k is a limited edition CPU, only 50k units to be sold and already superseded by the 9th generation. I don't think Apple will have looked far beyond the i7-8700K for the 2018 iMac. As you say, we'll find out in a week and I'm far more interested in the Mac Mini anyway
The top Xeon-E part now is the
E-2186G with the promise of 8 core coming next year (to mirror the 9th generation Core i processors). Granted, it's only marginally faster at core speed than the i7-8700K and Apple don't overclock the K part - they buy it in purely for the base clock headline speed.
The E series is similar in many ways to the i5/i7 series with the addition of ECC RAM - in this respect the Coffee Lake CPUs are no different. For the amount of money that Apple are charging I'd say that they'll find it easier to sell a a $3k-4k iMac if it was kitted out like a cheaper iMac Pro rather than an expensive iMac. You get potentially 24 extra lanes off the PCH to assign to other uses which, having looked into the Z390, I'll concede is no different than what you would get from the Xeon C246 chipset.
They can use i3 to reach Kaby Lake-style performance for less if they wanted to - with 4 cores instead of 6. It could allow the 21.5" iMac to gain a Retina 4k screen while not increasing in price.
My point with the Xeon was to create a new entry level iMac Pro SKU that professionals may like to buy off the shelf now that the iMac Pro has that 'halo' effect over the range. It's a marketing thing rather than allowing punters to pick their jaws off the floor as they realise how much a loaded i7 iMac with all-SSD storage costs. Apple could just add the 6 Core Xeon E as an entry level model to the iMac Pro range.
It would also give Apple half a chance to allow the 'regular' 5k iMac to continue with a RAM door if they used less hot CPUs.
Not sure where the 22 core Xeon W is coming from, do you mean the 28 core
W-3175X? I'm not sure that's going into an iMac Pro.