Advanced Micro Devices said this week that in the light of changing market environment and dropping revenues it will reprioritize its research and development (R&D) investments. The company will lower spending on creation of computing and graphics (CG) products and will boost funding of enterprise, embedded and semi-custom (EESC) projects.
http://www.kitguru.net/components/graphic-cards/anton-shilov/amd-to-lower-rd-spending-on-computing-and-graphics-products/
I find this news really sad - ATI were always such a good alternative to NVIDIA, and they pushed NVIDIA to keep releasing new GPU's with healthy performance increases.
Now with the reduced budget, I fear that AMD won't be able to compete with NVIDIA at all in the next few years. Perhaps the 390x family will be the last competitor before AMD are bought out?