AGP is not dead yet, high-end AGP cards won't arrive anymore but ATI plans to release some GPUs like the RV560 for AGP platforms.
ATI plans to make a graphic board design codenamed Torpedo 2. The card is based on the RV560 chip, built at UMC, and it should work at a 450MHz core clock. The memory will work at 650MHz and it is a 128 bit memory interface card. This 256MB of GDDR 3 memory comes in a BGA package using 16Mx32 chips that are capable of 700MHz performance. The card supports ATX and BTX formants and needs six layer PCB to work.
Torpedo 2 supports two Dual DVI ports and tomes in slim VGA format. Of course it supports VIVO features. The design kit should be ready in early September so you should be able to get this card around Octoberish time. We haven’t seen any faster card based on the AGP design.