I was given permission by my contact to post sneak peek from one upcoming R9 300 card:
R9 370X
Performance: ~GTX 780 (Not Ti)
TDP: 140W
HBM
Context:
GTX 780 is about 25% faster than R9 285
Hmm. Sounds ludicrous at first glance, but I suppose it's possible. R9 285 has 1792 shaders, while we know that the full chip has 2048. That's a 14% increase in shader power just by not cutting down the part. So you need about another 10% boost on top of that. Architectural tweaks plus the move to HBM could probably get you that far.
That said, TechPowerUp has the GTX 780
pegged as somewhere from 27%-32% faster than R9 285 (depending on resolution), not 25%.
The full Tonga in the Retina iMac has a maximum TDP of about 125W - though there have been complaints of throttling. Do some more tinkering around the edges and port it over to GloFo 28nm SHP (assuming that process is indeed more efficient for GPUs, as has been rumored), cut out the power-hungry GDDR5 memory and controller, and implement better binning... sure, 140W seems doable under those circumstances. What makes me skeptical about this is that the most plausible existing leak on the R9 370 indicates that it has GDDR5, not HBM. (
Source). Then again, it didn't launch in April like the source claimed...