GK110 beating Tahiti is a pretty logical assumption if you ask me. Gigantic die of doom squashing a cute little 352mm² die... seems pretty reasonable.
Given Nvidia's consistent failures with their large GPUs, I'd imagine they'd start toning back on the die size. GT200 was a disaster, GF100 was a disaster, and GK100 got scrapped, with GK110/112 (or whatever you want to call it) coming far later. GF110 was just fixing their broken GF100, although kudos to Nvidia for releasing it in a timely manner.
It'll be interesting to see if GK110 is an actual tweak to the GK100 Kepler line - the cards we should be seeing in around a month.