Except there is no quality hit?
There is a quality hit

How much? Depends on how much time you want to save
Why in the world would I want to take the massive quality hit of GPU encoding? Maybe that's okay for you, but those of that care about the quality of our work stick to CPU encoding.
Way to move the goalposts, first you were saying to save money over Intel to buy an SSD, now you say people should buy a $300 video card to make up the difference. Buy wait, I thought Trinity's GPU was great??
Next argument please. Oh wait, Anand's review is out, your spin on that is eagerly anticipated.
I see you are into video encoding also. I read Scott's review of OpenCL when he posted it, but he forgot something: He tested only one product, ArcSoft's. ArcSoft implementation is fast, but the quality output is borderline acceptable. Corel Video Studio X4 (and X5) have a more polished implementation. Not as fast as ArcSoft's, but quality is quite better. Furthermore, Corel is licensing MainConcept MPEG2 encoder, one of the best. It does much better job at MPEG2 encoding.
No, no goal post moving at all. I said clearly
Better SYSTEM for the money I know you just got a HD7850, because I even gave positive feedback on the product you picked. What is a $300 video card doing in my system? Exactly what the $200 is doing in yours. Seems overmatched? System price is still lower. Seems that I am cheating? Deal with it, remember, better system for the money.
Oh, I can hear your answer "The HD7850 is for my son's i5 system" Ok, no problem, point taken, sounds reasonable. The HD7660G can still use openCL, and using good software will be very close to the quality of a good CPU encoder.
If you still want to get into CPU encoding, I would ask to use my FX8120 rig (paid $140 plus tax for the CPU) Right tool for the job right? I also pick the software, and let's stay with corel / mainconcept, or if you want to get snobish, let's use CCE. Well threaded to stay productive, as time is $$ right? Wait, you said you value quality! You are not going to leave those ugly pieces where the camera is moving in there, are you? Let's do some editing. Trim and fix exposure, normalize audio. How about adding a basic menu to the DVD? How is that spinner doing? Let's author it. Can we stay Corel or wanna get snobish and go Vegas Pro or Sony's DVD architect? Keep in mind that DVD architect creates a lot of temporary files. Furthermore, we might not be able to avoid creating the video_ts folder while compiling the VOBs AND create the ISO. How is that spinner doing?
Spin Anand's review, what spin? He basically said it is a tie. Wanna see a spin? How about what the new "AMD witchhunter" gave as conclusion... "If you've been following the x86 processor wars lately, you might be surprised to see that the A10-5800K beats the Core i3-3225 in overall performance, while the A8-5600K ties it. (You probably aren't surprised to see the pitiful Pentium G2120 buried at the bottom left of the scatter plot.)..."
However, he cannot recommend Trnity?

Now that is spin!
ps. Compared to an i7 and z77 motherboard cost, what I paid for the FX8120 plus 970 motherboard gives me room for a 120GB Sandisk extreme SSD (toggle nand) and the $100 to jump not one, but 2 video card classes and have the "$300" GPU overmatch.