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JEMC said:
All sounds good until the part where they say that it will still be a 28nm chip.

The chip on the 290X is already a very power hungry one, make it bigger and faster and it's a recipe for a disaster.

Yup it could be HD 2900XT all over again. That card also used GDDR4 witch msde it ahead of it's time but very power hungry aswell.