Agree, the price/performance ratio of Cape Verde is terrible. Its actually a Turks replacement which AMD is trying to push on us as a Juniper/Barts replacement..and at Juniper/Barts prices no less
At least HD 7970 and 7950 beat their competitors convincingly, and were priced either the same or lower. Here we have HD 7770 barely reaching HD 6850/GTX 460 while launching at a good $10-20 higher.
I really wonder why they didnt go for a 12 CU part instead of 10. Adding 2 more CU's would have added very little to the die size, say 10 mm2. Surely the cost difference between a 130 mm2 chip and a 120 mm2 chip cant be that high. And the memory clock is on the lower side as well. Maybe they reused the old Barts MC because of the smaller size. With 20% more CU's and BW (say if it was clocked at 5.5 Ghz), the performance might have still been acceptable, and would have pushed it into the next segment. The cost increase would have been negligible.
I was actually looking forward to Pitcairn..but now i dont think i'll keep my hopes up
Edit: Also for a 12 CU part, if they launched a cut down part with 2 CU's disabled, the differnce would have been lower(16%) than between a 10 CU and 8 CU part (20%)