It a little bit of both for AMD. Although they have some unused potential, alot of it I assume is impossible to use unless for very specialized tasks. NV shaders at this point seem better to do GPU work as that has been a focus for the company for the longest time, far more than AMD anyway.
The CGPU power is much stronger in fermi compared to whatever is in firepro. Even a stripped down performs better than AMD latest and greatest by typically double and in sometimes pretty much exponential.
http://tech.icrontic.com/articles/re...-than-we-said/
It must be to be able to sell for 5 grand which is three times as much as $1499 for the firepro 8800.
There is just so much money to be found in this field that AMD would be foolish to leave it alone which it hasn't. But at the same time, their products just are not as strong, even with the paper computation advantage, thus they have to sell their pro products for alot less.
The only asswhooping NV has delivered for the last 3 years has been their professional products. They are simply a generation ahead and as a result, can charge a premium(I heard their driver support is also reason for this).
Heck even in games, which is AMD specialty this generation, we never ever see the double in FPS or triple that is the TFLOP advantage that AMD has.
The only time I have see this advantage remotely is some password application which is very very specialized and a task very suited for the shaders of AMD line.
This might change next generation, it might not, but it probably won't be done this generation coming in a couple months. Its going to take a huge overhaul.
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