Upgrade to 7th gen is a dumb idea. To those with higher budget, 8th gen brings a lot more performance. For those with tight budget, Ryzen is better value. There just isnt a good reason to buy any 7th gen stuff, especially when it's no longer the current gen hardware but still expensive.
As for software and data, all of them can be reused directly in the new system (though some data might be lost, most notably those in the Documents and AppData directory). Reinstalling Windows itself is a must, so the only way to deal with these losses is to manually copy and paste them over.
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