Well I *hope* you are wrong.  It would be a massive step backwards for gaming and GPU.  Might as well scrap plans for any new games in 2012 either push them back or scale them down to take advantage of existing hardware.   While you are at it sell any stock you own in AMD as no gamer is going to upgrade for no performance gain and pay another $400 for the privilege.  AMD only saving grace has been strong graphic sales and if the 7xxx series is pathetically priced like that it will kill off all demand.     

Actually I don't hope, I 100% know you are wrong.  The 7870 won't be priced at $400 (6970 retail price).  I am willing to place a bet of any amount on any bitcoin betting system against that. 

Saying "We will see" is kind meaninless. 

I could say "I think the 7570 will deliver 438940238 TH/s on 0.5watts and cost $1.95, we will see!"