What happened to all the NVIDIA people "hurr if AMD can beat Titan they'll price similarly AMD is not a charity"
This is a bit of an HD 4870, as others have said, in more ways than one.
1) At first, people were expecting 2304-2560 SPs and 48 ROPs -- turned out to be 2816/64, along with the added surprise of a 512 bit bus. Compare to the HD 4870 prior to launch; some rumors said 800 SPs and that figure was called outlandish and crazy
2) This thing runs HOT
3) AMD just demolished NVIDIA's entire high end pricing structure. 4870 came within 10% of GTX 280 for less than half the price, this beats the Titan by 5% for 55% of the price.
I'm looking forward to non-reference designs. Overclocking potential on the reference cooler will probably be severely limited.
NVIDIA people will make a big deal out of the 30-40W higher power consumption. Don't care. 95C is a bit troubling; non-reference cards will undoubtedly bring that down quite a bit, probably into the 70s I'd guess. Temperatures will probably be much lower if you set the fan speed higher, a tradeoff anyone who uses headphones should be more than willing to make. It'll be interesting to see how that affects things.
But the main thing is: a $1000 GPU just got beat by a $550 one.
Well done AMD.