The only people who should be defending 40nm at this point is ATI, because they can put more cores into each waffer and start testing and tweaking this new process.
No "new" process has ever been instantaneously beneficial for power consumption and overclocking capacity, as far as I know.
I think you got things backwards.
AMD doesn't target GPUs, it targets price-points. What chip is in what graphics card and how old the architecture is, is completely irrelevant for the end user. What matters is what performance+features you get for how much money, period.
And the HD4830 is quite successfull at its price point. Where I live, the HD4830 is priced at the level of a 9600GT.
He did say bandwidth, not clockspeed. If he "meant" clockspeed, all is well.




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