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VGKing said:

2. There is no rumor that says  Wii U will be using the HD 4870. That is just wishful thinkging and if you saw how many watts is uses, you'd know there's non way ANY console would use it.

It's unlikely but it is dependent on if Nintendo/AMD produce a version of the R700 with a reduced process size (which seems likely). That alone would significantly reduce the power draw of the chip.