Keyword is probably PCB length instead of costs, though.
I think this would make it up nicely in a dualcore situation.
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GPU1 <-> GPU 1 Sideport Interface <-> GPU2 Sideport Interface <-> GPU2
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V
PCIe 2.0 x16
Aka GPU1's sideport acts just like the PLX chip (on the 4870X2 they act like extra traces)
If they have a crossbar approach it would be even more interesting to watch.
Top boss of Chiphell (pretty much always accurate) is implying that memory will be shared between the MCMs.