Tesselation crushes AMD's, because it wins one sythetic benchmark and drops its lead in several games when Tesselation is used, hardly conclusive proof. For instance Dirt 2, its further ahead in DX9 and less far ahead when tesselation is enabled, it takes a FAR bigger performance hit enabling tesselation than AMD.
Either way tesselation is crap for now, it "is" very good, its needed but as its only just starting to be implemented, in a not useful way, and probably not coded as efficiently as it will be with a little practice and real world experience of programmers using it, we'll be 2 generations down the line before you get anything even approaching uniengine level of IQ increases. If Nvidia is still around then, their tesselation performance won't be the same as today, and neither will AMD's.
If you buy the 480gtx for tesselation, you're dafter than if you buy it just for Physx.
The problem with it being "faster" is that it costs more than 5850's in crossfire, with performance the 480gtx can't touch to save its life.
Its not at all difficult to have a board with 2x8 pci-e at the moment, if you go AMD you only need to be spending £70 on a mobo to get great overclocks and crossfire.
Raw performance is just about the worst reason to buy the 480gtx, because at its price, its incredibly slow. For £450 you can have well over 50% higher performance and about the same power usage, lower temps, better overclocking and you can GET IT TOMORROW if you want.
At £450 theres not a single reason to get it, frankly as I've said in another thread, 2x5850 + a 240gts gives you FAR more performance, physx, cuda, at the same cost and you can get it tomorrow.
At this point there will likely be in the 100's available worldwide a month now, maybe under 100, the 480gtx isn't even available which makes the argument for it even more ridiculous.
If you want raw performance quite literally 5850/70/5970's are the answer, because you can buy them. A 480gtx you can't buy, won't perform very well as an e-mail confirming your pre-order sitting in your mail box for months. Even if you could get one, its quite significantly slower than 5850's for the same price.
The one and only situation to buy 480gtx's is to run 4 of them because AMD can't match the performance(though can get very close), but theres probably 3 people on these forums who can afford to buy 4, and wants to and none of them can get 4 anyway.
However for me, if I was building the ultimate gaming rig, a jet engine under the desk wouldn't be part of it.