I cant be bothered to go look at some reviews but most reviews use 4xaa and i have noticed that the gtx680 seems to suffer more when aa is used comparing to the 7970. I would need to look more into it but from the few reviews i looked at the gtx680 definately took a bigger hit going from no aa to 4xaa. Maybe 8xaa takes an even bigger hit when comparing to the 7970. It needs more looking into and i am not saying this is fact.
But it was OK when the GTX 480 took a clear lead over the 5870 when AA was applied?
TBH mate that was the only thing the 480 was better at. Lots of AA.
So if it was important then it's important now.
The GTX 680 is a fantastic card. IMO (leaving price aside) what they have done with a mid ranged part is nothing short of phenomenal. It really is quite amazing. However, cracks are going to appear in time. It is, at the end of the day, a cheaper card to make than the 7970. This was pointed out in a review and it does make sense. The 7970 uses heftier power delivery and components and higher quality ones as it does need them.
I did say it before, but I read a very interesting article about how Southern Islands was, to all intent and purpose, Fermi. It gets too hot and the clocks should be able to go much higher given that it is a high end attempt. AMD are struggling with it in the same way Nvidia struggled with Fermi. No doubt they will revise it though.