Brand new architecture, brand new process node and first gen DX11.
nV is alredy ramping several different parts on 40nm build process, just they aren't ones that are heading into the end consumer market. They haven't changed tick-tock, it has protected them too well for them to change that approach.
nVIDIA is taking a rather different approach then what they have done traditionally ever since you know what. Hopefully it doesn't backfire on them.
I don't think nV sees AMD as a long term threat at all, and if we take an honest analysis of this generation they probably have a good point. Right now nV is spending ~25% more on R&D then ATi is generating in total revenue, this despite what people seem to think is a slam dunk by ATi parts this generation. nV is outselling ATi better then 2:1 atm, no matter what all of the websites want to get behind or the loyalists to ATi. Speaking strictly from a market perspective, ATi got killed this round. Yes, they put pricing pressure on nV, even with that pricing pressure excluding R&D and a stock buyback charge nV would have had larger profits this quarter then ATi had revenue.
But I think all the spot light is at GT300.
And with the GT300 we are going to see a larger rift in approach then we have seen to date between AMD and nVidia. nV is going after GPGPU computing in a very serious way, that is the entire direction of their GPU strategy at this point. Their chips will be considerably larger then ATi's, they should draw considerably more power and be more expensive to make. They should also obliterate ATi's parts in GPGPU tasks. How important that is going to be to people and how much broader application support becomes is going to play heavily on how this round plays out for ATi. Yes, I meant to say ATi there. Right now, people that really care about GPGPU are pretty much all buying nV anyway, it isn't like there is a serious competition at that level which shouldn't be surprising as ATi has put at best a moderate effort into that level of their chips. Not saying that are right or wrong, just saying how it is.
If GPGPU really does take off, as nVidia has obviously been hoping for, in the GT300 timeframe ATi is going to be in an extremely bad position. If it doesn't, next gen is likely to go close to how this one has. nV will be pushing hard for broader PhysX adoption, it wouldn't shock me to see them get it up and running on OpenCL and/or CS simply as they are likely to have a huge performance advantage running it and having full support will make it much easier to get developers on board. AMD is going to focus on gaming performance as it seems fairly obvious based on the information they have released that is the only thing they are working on.
Is nV going to dedicate so much die space to GPGPU they will allow AMD to take an actual performance lead? I'm not talking bang for the buck, but an actual performance lead? While I think it is unlikely(raw chip size would tend to give a big edge to nV), I certainly wouldn't rule it out. The architecture nV is talking about is going to have massive xtor demands for GPGPU functionality, and a hefty chunk of those xtors are ones that could have improved game performance more if they were utilized differently. This happening with GPGPU not making any considerable headway would likely result in ATi ending up in a vastly superior market position then what they are today.
I think most people that have a reasonable understanding of the market and what the companies are trying to do see GT300 for what it really is- a preemptive strike against Larrabee. nVidia is trying to build the GPGPU market around their architecture and at this point in time it seems to be working. That could change in dramatic fashion as it is a market that is still in its infancy, but as of right now it seems they are doing everything they possibly can to create a very difficult market for Larrabee to enter into.
For ATi this generation, I think they really need to increase their value perception to customers. Obviously something on their end isn't working if they can dominate the market in terms of performance at a given price point and still lose marketshare. Being outsold by your competitor 2:1 in what has always been a performance oriented segment when you have better performance per dollar spent indicates something needs to change. Is it more marketing? Better bundles? More in game promotions? I'm honestly not sure, but they need to find a way to convince more people to actually buy their cards then their core fan base.
ATi seems to be marching down the road to complete their Fusion concept, at this point it seems they are planning on yielding the high end to nV and Intel altogether and focusing on some sort of CPU/GPU hybrid. Not saying that is what they are doing, but it seems to be the path they are taking. Based on what AMD has stated on the 5x00 parts they have a shockingly small increase in xtor count over the 4x00 parts. Given the move to 40nm this should make for very cheap chips when yields improve, they should also be able to clock fairly high given decent yields and will likely offer a solid performance improvement over the current generation, but nothing I see indicates they are focusing on the high end performance segment from any angle atm. Maybe the information they released was a smoke show to hide their high end parts? That is certainly a possibility, but 1Billion xtors given their current generation and how much CS will require for additional xtor versus current generation seems to indicate that ATi is focusing more on clock speeds the functional units to increase performance this generation. That is certainly a valid approach, and one that would allow them considerable flexibility in filling gaps in their lineup quickly with a clock adjusted/volt modified part. It doesn't give the appearance that they are serious about going head to head with nV for the performance crown this generation though. Luckily for them, nV is preoccupied with Larrabee and GPGPU so their gaming performance is likely to suffer due to it giving them their best shot at success, as long as GPGPU doesn't take off.
While I look forward to the next round of parts, I don't see either company giving us any serious effort in maximizing gaming performance. I think the parts will certainly be faster then what we have now, but I am not expecting anything major on that end. Given that gaming demands have not been going up for years, this isn't necessarily a horrible thing, Cryostasis is the only thing we have seen to date more demanding then Crysis after how long? Gaming graphics are at the point of massively diminishing returns, the upcoming shift in approach to the market that we will see over the next few years is going to change people's outlook on the market considerably. Not saying better or worse for any particular company, too many varriable to know if anyone is 'right' or if things will end up somewhere down the middle. Either way, going to be interesting to watch.