Rather than low voltage chips being binned, i believe these cards are actually the dregs of the Furyx chips that couldn't reach stability at their specified voltage and the nano is a way to sell off these chips at a more stable lower clock. I also think the TDP figure is probably at a conservative clock and that the maximum clock is dependant on temperatures. TDP has always been a conservative estimate with the definition being vague, i would treat it no different to the static pressure stats on fans (some are way off, some are accurate some are plain wrong and so comparisons between them are irrelevant).
If the yields on teh Fx chips are as low as the stock levels, then it would make sense that AMD put the 'not quite there' chips to good use somewhere.
For all we know the TDP figure is at 675MHz under 'reasonable load' but the card can go up to 1000MHz if the application is requires it and temperature allows.