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+1I've got 2x GTX 465, and would recommend getting a GTX 480 and overclocking it.
Multi gpu still isn't up to snuff when it comes to lower frame rates, the input lag is atrocious at circa 30 fps (yes Crysis, I'm looking at you).
30 fps with a single card is so much smoother.
Single card 480 is the better choice.
im going to go 460 sli, just sold my 480 and i have seen many benchmarks and there is only 1 or 2 where the 480 is in front and its by a very small amount.
The rest the 460's are in front.
Now I buy towards the top end as soon as it comes out, that way when the next top end stuff comes out you can still sell on what you have and it is still worth something. True, it's not worth anywhere near as much as when you bought it, but it is a lot better than it being worth nothing.
Umm 460's are not going to give you any more performance than your 480.
It's not as simple as comparing FPS, you need to look in to perceived FPS that micro-stutter brings.
If I were you I would hold off the downgrade and wait for a 6800 series card.
The only thing it limits is upgradability but who wants 2 x 480's as they consume too much power.
*SNIP*
In point, I sold and got £50 for 2x 7800 GTXs this year, but I got £300 for the GTX 295 I bought for £400 on release date (which was actually cheaper than my 1st 7800 GTX, which was £420) *SNIP*
How is it a downgrade ? And yes they do give more performance, they also have better sound output.
In this game, we actually ran into a little snag. As you can see by the graph, the game stopped responding twice for about ten seconds when we were using our pair of GeForce GTX 460s in SLI. First, the game’s picture froze while the audio continued. After a few seconds, the screen went completely black. A few seconds later, it came back up and everything was just fine. This happened at seemingly random intervals every time we tested this game with the GTX 460s in SLI. It did not happen with a single GTX 460, nor did it happen with the GTX 480 or GTX 470. We also tested at 2X AA and still encountered the issue, so we do not think it is memory capacity issue but rather possibly a bug with SLI in this game.
460's may give higher fps on paper but in reality multi gpu setups are not as smooth as a single card due to the unequal frame output and overhead. Also in games that don't impliment sli/crossfire well you'll drop to the performance of a single 460 or worse as in this example 0 fps pauses for 10 seconds.
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On the up side as you say you will be able to use hd lossless audio over hdmi. If you have weighed up the pro's and cons and are aware multi gpu setups are much more than just the benchmark numbers and you more than likely will experience some form of issue then be happy with your choice. I'd still go for the single card though.
Raw performance numbers aside, there were some differences in the character of gameplay that I would like to address here. None of this is uncommon with SLI (or even CrossFireX), but I think it is worth repeating. Though the GTX 460 SLI setup gave us higher framerates across the board than the GTX 480, the GTX 480 in some places we experienced a more fluid gameplay quality. With SLI, there is a certain amount of overhead involved in managing the two video cards, dividing workload, and copying data between them. At the worst of times, this can result in diminished potential. It was most noticeable in Singularity, wherein there was noticeable input lag with the GTX 460 SLI setup. It wasn’t particularly severe, and it did not render that configuration unplayable, but it was there and you could "feel" it. Of course, Singularity had another performance anomaly as shown in our graph above, so it could be related. Metro 2033 and BFBC2 were affected somewhat as well, but it was less severe. Framerates are not the end all be all to performance when playing with SLI and CrossFireX, you truly have to pay attention to fluidity, responsiveness and consistency of the game as you play.
... but who wants 2 x 480's as they consume too much power.
But you have to understand that the 7800's were VASTLY out of date compared to the 295. It isn't a fair comparison you've made.