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Just a couple of notes...
Sandy Bridges' top speedbin is 3.4GHz (Core i7 2600K), anything more is an overclock figure
JHH actually quoted 3-4 times the double precision (DP) performance per watt over Fermi. Mathematical DP performance accuracy does not necessarily correlate to graphical performance. Given that a process shrink will likely lower power requirements by some considerable margin it is probably not out of the question even if Kepler is basically a tweaked GTX 4xx (although that is unlikely).
Grain of salt needed here > <. The slide here shows Kepler due in 2011. The same slide also shows Fermi in 2009 (!)*.
This also presupposes that TSMC's 28nm high-K metal gate process, not to mention nvidia's GPU design, have a fairly troublefree introduction- not a given since this is new tech all around, and GPU's have been (and will likely to continue to be) the worst yielding products made at any foundry.
* GTX 480/470 were launched in March,2010
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