No,
there is always something good in all the bad things that happen.
Last period when prices had been relatively low was when ATI (or AMD) had to catch up performance wise. So, the relatively low performance can be a factor to keep prices in check, rather than go sky rocket.
Bulldozer shows negative performance scaling in many applications when you compare it to the old X6 1100T.
With Radeon HD 7000 we should see at least 20-30 % performance improvement (yeah, it might be relatively low increase, but it's better than none or negative) over Cayman in all applications. I mean there is no way in hell we will see Tahiti being slower than Cayman, in any application.
The good thing for AMD is that this time they will not have competition for several months and that should give them time to release a second generation GCN product just in time to counter.
the eyefinity users might benefit more due to the larger resolutions.
not to long to go now tho.