What? HD 7970 totally trashes GTX 680. Even the HD 7870 it faster. That's because GK104 has only limited GPGPU abilities and that's why NV needs GK110 to keep up with Tahiti XT.
Now, I guess your talking about gaming performance. And yes, in 1080p the GTX 680 is about 8-10% faster than Tahiti XT while having a smaller die. But the reason for that is, that Tahiti is not only a gamer GPU, but also very potent in the compute area.
Let's compare Pitcairn here. This chip is much smaller too and runs head-to-head with Tahiti PRO. So if AMD would beef up Pitcairn a bit, you'd have a die size about the same as GK104 and a performance ahead of HD 7970.
GK110 won't "hurt some butts" but will bring the desperately needed GPGPU performance to keep up with Tahiti.
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