computerbase.de ... had the 680 faster by only 1% at 1600p 4AA/16AF. The 680 has a sizable clock advantage (125Mhz or more) -- which means at higher resolutions the 7970 is faster clock/clock. So, considering the 7970 large clock disadvantage compared to the factory NV driver overclocking 680, overclocked the 7970 should be faster at high resolutions. With 3GB vram, the extra 1GB vram is just a cherry on the icing.
The 7970 uses maybe 15-20 watts more power on average, but there were game tests where the 680 was actually consuming more power. This was seen in both the HardOCP and hardware.fr reviews. So, the power difference is marginal, and noting to write home about. The stock 7970 card temperature was cooler running than the 680 even though it puts out a little more watts. Noise levels were higher on the stock 7970 but better quieter coolers are available.
Considering the high price the 680 looks to landing on in Europe, computerbase.de actually had the price/performance of the 680 lower than the 7970.
Bah, not totally impressed. The 7970 was a larger jump over the 580 in all respects. The 680 offers only very marginal improvements in most areas and it is slower at higher resolutions when clocked the same as the 7970 -- where things are likely to matter the most when the chips are down.