PowerColor told Turkish tech site Donanim Haber that AMD's next-gen Radeon HD 7000 GPUs are likely slated for Q1 2012:
In an interview with DonanimHaber, PowerColor Sales Director Elaine Liao revealed the release date for AMD's next-gen GPUs. The first Radeon HD 7000 series cards are now expected to release in Q1 2012, according to Liao. This is contrary to previous reports suggesting a release in Q4 2011.
However, a late Q4 2011 release is still possible and should not be ruled out.