Xbitlabs typo confirmed:

http://www.xbitlabs.com/news/video/d...ice_Point.html

Various partners of AMD plan to release ATI Radeon HD 6950 graphics cards based on the Cayman graphics processing unit (GPU) with 1408 stream processors and featuring only 1GB of onboard GDDR5 memory, according to a statement of AMD. The new graphics cards will be available starting from mid-February and will cost $279 in the U.S.

At the $279 price-point the Radeon HD 6950 1GB and will pose a more affordable alternative for the company's Radeon HD 6950 (which has similar processing power,

In some places of europe HD6870 already sells at 199euros.