Conclusion
This is an unfortunate place for ATI to be in. A different year, and their best card is statistically just as good as NVIDIA's third from the top. (Although it's hard to even admit that the 8800 Ultra counts for anything other than an accomplishment by technicality.)
But for people who aren't concerned with the details and never touch the drivers or go into the Catalyst Control Center, it's still just an alternative to NVIDIA's 8800GTS 640.
Bear in mind that we're using essentially beta drivers, and there is probably a lot of headroom to be gained. ATI puts a lot of effort into drivers, and a monthly release cycle means that performance improvements are just a matter of time.
This isn't the end of the fight, though. There are still other places for ATI to beat NVIDIA, and not just by making better mid-range hardware. Between the HD 2900 XT and the 8800GTS 640MB there's image quality, hardware video acceleration, Vista performance, and of course, price, where a $399 MSRP aims to give ATI an edge over NVIDIA.
We're following up on all these fronts, because it ain't over, so to speak. It's still too soon to draw a solid conclusion.
Pros
It's an ATI alternative
Better features
Elegant HDMI integration
Great bundle
Potentially lower price
Cons
It's a bit late to just be an alternative
Louder than 8800GTS
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