There are some rumours that AMD may unveil more info on R9 300 series around GDC or Computex. However, based on comments from Gibbo and various sources, it seems the card would only launch June-July 2015, with wider availability expected for Q3. None of this information has been proven or disproven. AMD has been very secretive it seems. As far as 28nm vs. 20nm goes, the data doesn't align. For starters, it's difficult to believe AMD built a 550mm2 20nm chip but was limited to just 438mm2 on less expensive and higher yielding 28nm. Secondly, it seems 20nm is for low power devices. If AMD went with a 20nm power efficient design, I doubt it would have a 300W TDP, or the performance would be off the charts. 20nm and HBM -> the performance should be much more than 40-45% faster than 290X. Therefore, at least on the surface, the current leaks don't align with 20nm+HBM. This is just my opinion and I could be wrong.
780Ti was more or less ~ 2X faster than a 580 after a new architecture+node shrink. I do not think either GM200 or a 390X will be ~ 2x faster than 290X/780Ti. This is a compromise year for GPUs where NV and AMD are forced to use other techniques than a node shrink to improve absolute performance and perf/watt. NV has done a great job so AMD should also show some improvements over the 290X. Chances are the jump to 14nm flagship in 2017 will be much greater than GM200/390x will be over 290X/780Ti but it would also mean waiting ~ 2 years I would say. However, both cards should bring a much more substantial boost for 290 series and 780 series owners who decided to skip the 980.