Well personally I'd look at a HD 7850 instead - not that I'm looking .honestly Dave...i would choose the 650TiB if i was looking for a <199 GPU....no offence...650TiB hits the sweet spot better than 7790 imho. Bonaire should have come with 1.5GB and 192bit bandwidth....or it should go cheaper...it is not like 7790 overclocks better than 650TiB...last i heard both them can hit 1.2ghz on the core....
But really the 650Ti Boost should compete with HD 7850 and not 7790. Those are very similar sized chips, with most likely very similar costs for the cards overall, and both are slightly cut down from their full versions.
The difference being the 650Ti Boost only being cut down 20% on SMX, whereas the 7850 is cut down both 20% on CUs and 14% on clocks. And it shows both on overclocking potential and perf/power.
Oh and btw the 7850 is <199 already anyway. Though I think it is indeed somewhat surprising nvidia undercut the HD 7850 price (by 10$). But we'll see how that turns out. And it is obvious the 7790 has some potential for price cuts.