I believe that is single card. AMD basically fixed the issues with single card and single screen resolution CF frametimes - they are on par with NV in this respect, sometimes better. Actually the 280X *does* have impressive frametimes, mostly beating the GTX 770 in that respect.
That said, the remaining question mark is eyefinity CF - eyefinity CF has had issues for some time now, and still is not fixed. GTX 770 SLI will still be far better in surround than would 280X CF eyefinity. Surround is a niche, sure, but I would say multi GPU frametimes are more important for these folks than any other, as CF/SLI are mostly necessary for surround resolutions.