Launch flag ships for both companies may of been lackluster from a price/performance stand-point considering the node and arch were substantial and significant to some. Do you agree or disagree?
I know you didn't ask me, but just wanted to answer. Disagree, only on the premise that prices entering this generation were grossly inflated due to lack of price movement in the prior. AMD releasing at a lower price point than the current $500 GTX 580 would have been a consumer's dream but not a business savvy move. On the side of metrics, the card sold for 10% more and had about 15-20% more performance (depending on games) with less power consumption - an overall win over the product.
It seems people only like to compare products to one family (ie HD 6970 to HD 7970) when cards are in competition with the whole market.
In January 2012, if someone had $500-600 dollars to spend, which card would you recommend - GTX 580 or HD 7970?
The price started to shift once we saw what should have happened mid - 2011, a price drop on nVidia hardware.
In the end, the consumers supported the $500+ price tag of the GTX 580 for 12+ months, so the markets were set. Of course, once proper competition entered, everything shifted.
Price/Perf is a moving target, and people have to look at everything not just one specific point and then make a conclusion.