If FUD Zilla is right, the first DirectX 11 graphics cards from ATI and NVIDIA will hit retail stores in the final quarter of the year. The first DX11 games should arrive sometime in 2010.
Both companies are working hard to finish their DirectX 11 parts, but it might take some time before we see the first DirectX 11 game on the market. This is likely to happen at some point in 2010.
We don’t know who will be the first one and who will end up being faster, but some info indicates that both chips will end up being 40nm, however this is something that we cannot confirm at this point. The future is, let's hope, bright, and it brings a lot of frames per second.