They are working on the revision A12 and to get the PCIe switch to PCIe 2.0 which should theoretically speed the xfire communication between the two GPUs if the full bandwidth is used. From what I remember, GDDR4 doesn't produce many gains over GDDR3..just more so extra stability for higher clocks. So...I think the revision to A12 and PCIe 2.0 switch are the huge factors going into the new 3870x2. What I am curious to see is if this card will start to see benefits from PCIe 2.0 slots now. 3870 / 3850 cards are supposed to see gains from the revision as well.
I am excited to see how the X2 turns out though. If the PCIe 2.0 switch helps, it means all the better for the 4870x2 series.
Edit: Just found the page where it mentioned this.
"The new card will have an updated PLX Bridge chip that will support PCIe 2.0 and at the same time, ATI is trying to shorten the PCB and add GDDR4 to the card. The current Radeon 3870 X2 has a PLX chip that supports PCIe 1.1 communication and, obviously, a new card should have some better results with the faster inter-chip communication.
The RV670 chips will upgrade to revision 12 and this probably means higher frequencies and more performance. The current Radeon 3870 X2 dual chip cards come with RV670 chips' Revision 11. "