The upcoming ATI R600 GPU should arrive in January and will have more transistors than NVIDIA's GeForce 8800.
While Nvidia was told by TSMC that the highest margin for 90nm process is 700 million, Nvidia pulled a wizard out of the hat and placed TMDS and HDCP logic on a separate chip. Sadly, the wizard also managed to break the NVIO1 chip, so you can forget about running 1080p video on your freshly-bought G80-based product.
ATI on the other hand, took the risky road, pulled 80nm manufacturing process from the drawing board onto silicon and produced a 720-million transistor monster that is currently seeking its final clock speed.
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