Finally a REAL flagship from Nvidia. However, changed from my previously mentioned performance advantage , new reports show the GTX 685 (GK110) performing only 25% better than the GTX 680 @ 1110 Mhz Turbo (GK104). A highly clocked 7970 @ 1335 Mhz here (clocked 45% higher than current reference 7970s @ 925 Mhz) will not back down from the fight! But apparently, AMD will already have the 8970 on its way shortly after the release ofthe GK110 in Q3 2012. It doesnt look like Nvidia can easily claim the GPU crown with this product, because its too little too late.
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EDIT: So apparently AMD is prepping a variety of price cuts for their GPUs up to $60 USD off of current pricing for the 7970!! Which will finally make the 7970 cheaper than the gtx 680, and a better buy!
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