I think so. This is a fight between paper tigers. Look at how the TRX was designed. It wasn't designed for any real purpose other than to be "bigger" than the Raptor in every possible way. An inch or so longer, wider, and taller. 100 pounds more payload and towing capacity. A monster motor. Anywhere something was specified, FCA tried to "beat" it. If it was cheap and easy. Matching, much less exceeding the performance of the transfer case would have been expensive, so they blew it off. And yes, the TRX rear suspension is much better than gen 2. But ... it was basically free since RAM has coil springs in the back already. At least it got Ford off their butt to lose the leaf springs.
That ship has sailed. People who really want one last fling with a blown V8 will buy the TRX. I'll bet most have probably already bought a TRX. By the time the R is released, the economy is likely to be slowing with interest rates rising. Gas prices are likely to be high. If Ford is planning to sell them by the thousands, I think they will be disappointed. It may also be a mistake to sell them by the thousands. Doing the project right takes money and there will still be plenty of things breaking in the first generation. Ford has shown a willingness to cut corners, the rear leaf springs are exhibit A. The "stock" gen 2 that ran Baja had a full leaf pack but the production trucks had crap. Pulling moves like that on a 700hp trophy truck that people are going to hoon hard if they're affordable and available? Wreckage. Public wreckage. Much better to have a truck so exclusive that most buyers keep them pristine in climate-controlled garages.
I will point out that my opinion is worth every penny I'm being paid.
But given recent history, I think I've got at least as good a shot of being right as the Ford marketing department. Which is sad. I'd give better than even odds that Ford is being played. FCA threw together something in a big hurry when the market looked right. Yes, they'd been messing with ideas, but the time from green light to shipment was very short. They won. It wored. And now they're winning again because Ford has to dump big resources into the R to protect the reputation of the brand. They can't afford to do quick and dirty. So FCA tricks a competitor into burning lots of energy on the last gasp of a dying technology instead of working on the next opportunity. From where I sit it looks like Ford is getting beaten on all fronts. I hope I'm wrong, but I'm not very confident in that.