If it's got 8 pipelines / 24 pixel shader pipes, I don't see it being that great of a performer. It's got enough memory bandwidth, but it's like a castrated X1900GT (itself a castrated X1900XT). Maybe in Crossfire mode (dongle-less!), it will perform (slightly) better than an X1900XTX, but seeing as it appears to be an X1900XT divided by two, I don't see it being that great.
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What would make this card a very good card for ATI, is if it is actually designed with 8 pipes on 80nm. Then, it would have a die size about 1/3 of the X1900 series, meaning very cheap manufacturing costs and it should drop well below $200 quickly... Furthermore, if it's got such a small die and is on 80nm, it should run pretty cool, meaning (hopefully) quiet operation and low power dissipation.