Apparantly ATI's next GPU is ready for launch. This should really concern Nvidia as they cant begin production to meet this early enough. It will be interesting to see if the R420 will come in PCI Express, AGP8x and have 64 bit drivers. Not to mention its performance leap over the current ATI flagship the 9800XT. If past performance is any indication the R420 should really raise the bar on 3D performance. More than likely the a launch will take place after CeBIT and result in lower Nvidia and ATI prices (always a good thing).
Take a look
here.