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This Radeon HD 4870 (RV770 GPU) with 1Gb GDDR5 of graphics memory can be seen as the answer to NVIDIA GeForce GTX 260 Core 216 (see here and here). And from the tests, the Radeon HD 4870 1Gb is a little faster than a regular GeForce GTX 260 Core 216 but has to compete fiercely with the pre-overcloked versions of the GTX 260 Core 216 (like BFG and eVGA).
Read the complete review here: AMD ATI Radeon HD 4870 1024MB review
MSI’s Radeon HD 4870 X2 is ready and should be available very soon. Radeon HD 4870 X2 is based on R700 GPU (2xRV770) and features the monstrus number of 1600 stream processors with 2Gb of GDDR5 memory.