It depends on your fps. With my 580 SLI I don't want to drop below about 50fps because then I get microstutter. With a single GPU that would be no problem. Also there is the issue of scaling. While SLI scales excellent in most cases, there are those games where problems exist. In Skyrim I still get graphic glitches in the water, in FC3 with the original bits scaling in certain locations is abysmal and sometimes it doesn't work at all (Settlers 7 for example).
While I know how to fix many issues with my SLI setup through use of special compatibility bits, that is not something everyone can or wants to do. If you can get near the performance of a SLI/CF setup with one GPU, that is always the better choice.
I agree that low fps on dual gpu is worse than in single gpu, but that's why you get dual gpu in the first place, so you don't have low fps.
Also 50fps or thereabouts, is not so bad for dual gpu. Again in Crysis 3, i was getting around 45fps on my older 5850 CFX system and the game was quit playable.
Again, using one card was a disaster.
There's a reason why dual gpu came to be and that's not solely for e-pen reasons. There are very real usability reasons but somehow some people are now all against dual gpu. I've been using dual gpu since the 4870X2 days and never had a problem with it.
Games that are truly gpu limited, are coming with proper multi gpu support. For the rest I as gamer, don't really care.
I honestly would never buy a product that is more expensive than a dual gpu solution and offers lower performance on top of that, just so to avoid the dual gpu.
Is anyone going to tell me that 50fps on a Titan, is better than 60fps on a GTX 660 Ti solution? For real?