A bit of history:
"The R3xx chip was designed by ATI's west coast team (formerly
ArtX Inc.), and the first product to use it was the Radeon 9700 PRO (internal ATI code name: R300; internal ArtX codename: Khan), launched in August 2002. The architecture of R300 was quite different from its predecessor, Radeon 8500 (
R200), in nearly every way. The core of 9700 PRO was manufactured on a 150 nm
chip fabrication process, similar to the Radeon 8500. However, refined design and manufacturing techniques enabled a doubling of transistor count
and a significant clock speed gain."
Anyone remembers how the 1st Radeon 9700 Pro stacked up against Nvidia? I don't recall the %, but I do remember buying it over whatever Nvidia offered at the time.