My own point of view regarding the new Titan X and Nvidia pricing structure since March 2012. I try to be objective and not call people stupid for what they might buy. If you are not interested in hearing my opinion (a guy that usually likes to buy a 500$ and be settled) then stop reading here thx
Back before the 7970, GTX 680 and Vanilla Titan we used to get really good cards and big chips for around 500$. Yes there were a few exceptions that is true, but mostly you could get a bangin' GPU for around 500$. Since then money hasn't change much in value. People don't even need to start with "inflation".
R & D costs on the other hand have probably increased. Generally prices always increase. We are aware of that. No one would expect to get a Titan for 350$ - 500$.
The reality is the Titan cards are not really new products. They are basically using a new naming structure to make people associate a higher price with a more premium product, which no card so far truly deserved. I could understand if they came out in May 2016 with a full fat 3840 cuda core Pascal Titan card with 16+GB HBM2 memory that blows everything out of the water and is like 1000$. Completely ahead of its time and bringing the absolute best without any doubt. A card where you know : "This is the best for 1-2 years" and not a card where you say "oh this cut thing is the best for a couple of months then the full fat boy comes out to play".
With Nvidia now you pay a premium on all products. Even on your monitor you pay a premium. Aswell on your HB SLI Bridge. A GTX 1080 is not what previous X80 cards prior to 2012 used to be. It's basically a 700$ GTX 460.
Objectively speaking and going by the specifications the new Titan X Pascal (1200$) is basically the same (in terms of GPU hierachy within their generation based on technical specs) as a GTX 570 (329$) back in 2011. Both are a cut chip. The new Titan X Pascal will be likely bettered soon.
Yes I am fully aware that competition is different and price increase. Nvidia would be stupid to sell a Titan X Pascal at 329$. They would maybe even make a loss although I doubt that. The profit for them would be too small at that price.
What it means for me personally : I am sticking to my 2500K + R9 290X another year. I am not giving my money to the PC market. I feel alienated from PC gaming. The games are mostly badly optimized and 90% of games I play are too old or not graphically intense enough to even benefit from a 1200$ GPU. Of course I play Witcher 3, ROTR and other demanding games aswell, but they are far and few between. I want to buy a new rig (I said it numerous times before, some people are probably tired of hearing me say this). In 2014 I said "yeah 2015 is gonna be the year. 20nm GPUs with HBM lets' rock" and in 2015 I said "2016 is gonna be the year with 14nm and performance increases north of 50% of previous gen". Now we are in 2016 and we have 1200$ GPUs that are not even as good as I hoped 600$ GPUs would be. So for me now it is "wait for 2017 or screw PC gaming and grab a PS4 NEO and Nintendo NX".
I know there are other options beside a Titan X, but are they any better? Is a 500€ GTX 1070 really a good upgrade from a 3 year old 290X ? Is a 700€ GTX 1080 mid-range card really worth the money? You can get a PS4 + Xbox One + 3DS and games for that kinda money you need for 1 GPU.
To be fair it is largely AMDs fault. They basically have nothing to compete and if they do they manage to screw it up somehow. In hindsight all launched were screw-ups in the last 4 years by AMD. The 7970 was underclocked and bad drivers made it look bad against the GTX 680. The reference 290X we don't even need to talk about that. The nice Fury and Nano cards that came too little too late vs the 980 Ti. I know that things are much more complicated, but I don't want to go too much into the details. It would lead nowhere.
Nvidia is doing things right from their perspective. They are basically celebrating a new record profit every quarter now.
And on the other hand what good games are there left? What is coming? The huge good looking blockbuster games are all on PS4 : Uncharted 4, Horizon Zero Dawn, Final Fantasy XV, Gran Turismo Sports, God of War IV, Detroit : Become Human, Final Fantasy VIII Remake, etc.
What do we have coming for PC ? I can't even name 3 PC games that need a monster rig. Star Citizen?
One thing has to be said, which I also said before : If I had money, and I mean like 6 digits on my bank, then I would buy a Titan X aswell, but why do people (directed at those those that aren't well off) do want to purchase GPUs that expesinve?
(This is no post to make you feel bad. Buy what you want. I only know that people like me are alienated from PC gaming by the ever increasing prices of good GPUs. And those increasing GPU prices also lead to me not buying a new CASE, RAM, CPU etc. What good would a Titan X do with a 2500K and 1333mhz DDR3 RAM at 1080p?)