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It's slightly better than the GT, but even the GT is currently selling at $300 and up due to shortages, and the new GTS 512 MB uses the same G92 chip with all 8 shader banks operating (so it's in even tighter supply than G92s with only 7 shader banks operating).

Ben, if I were in your position (which I am, since I'm also budgeting $200-250 on a graphics card), I would wait and pounce on the GT as soon as it falls back down to MSRP.