7970Ghz is about 10% faster than 680 and continued to be so for a while after Nov 2013 for sure. Even on release it beat the 680. Right now at 1600P, 770 is a competitor to the 7970Ghz not 680.
http://www.computerbase.de/2014-04/amd-radeon-r9-295x2-benchmark-test/5/
Not trying to derail the thread as 7970Ghz/R9 280X/770/680 has been beaten to death. We can conclude that it's pointless to compare NV vs. AMD specs such as CUDA cores and SPs on paper. Trying to formulate 880's performance based on specs or R9 390X's performance is pointless since both the 880 and R9 390X will have higher IPC courtesy of Maxwell and GCN 2.0 architectures.
What we need to know are prices too. If 880 is slower than R9 390X but it costs $499 while R9 390X costs $649 and is only 10% faster? All of this is just speculation. We can't say how powerful 880 will be since 750Ti kicks 650Ti's ass but on paper specs, it's not much better vs. it's real world performance increase.
I would give NV the edge next round since Maxwell has already shown a 2x increase in performance/watt and 35% increase in IPC and that was only on 28nm! I would never underestimate NV's Maxwell on 20nm. What pisses me off more is the notion of NV launching GM204 as 880 and trying to pass that off as flagship again.
Cannot accurately compare NV vs. AMD on specs alone when both will debut with new/significantly revised architectures and on newer node. We can't even compare 750Ti vs. 660 on paper specs but you are trying to do that for R9 390X vs. 880?
On paper 660 has 50% more CUDA cores, 100% more TMUs, 50% more ROPs, 67% more memory bandwidth (144 vs 86) against the 750Ti but is only 20% faster than 750Ti:
http://www.computerbase.de/2014-02/nvidia-geforce-gtx-750-ti-maxwell-test/5/
Therefore, you are just wasting your time trying to both extrapolate 880's performance relative to 780Ti and especially its performance relative to R9 390X. Comparing 7970 vs. 680 actually proves that comparing NV vs. AMD specs on paper is generally a shot in the dark. For starters, other bottlenecks exist in the GPU such as rasterization/geometry power and real world efficiency that imply comparison of 2048 Stream Processors to 1536 CUDA cores is a wasted effort. For example, R9 290X has 2816 SPs vs. 2880 CUDA cores for 780Ti and their performance is fairly close but yet 680 is very close to 7970 despite far inferior paper specs.