Yes, 55nm really works for ATI. 576mm2 is to large, especially when a RV770 is twice as small.
RV770 = between 830 and 1300 million transistors = 256mm2
GT200 = 1000 million transistors =576mm2
If you look it like this they really should have used 55nm die shrink instead of 65nm. GT206 will be 55nm.
R600 had 30% transistors then G80 but G80 owned R600. ATI RV770 has to be really efficient to keep up with nVidia.
It looks to me nVidia might have a killer card, although I'm not sure about the heat dump. I hate stupid heatspreaders on GFX cards.

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