The claim back in January was
over 2x the per/watt of
Hawaii and Bonaire.
http://www.amd.com/en-us/press-releases/Pages/amd-demonstrates-2016jan04.aspx
As it says above, this was based on a preliminary engineering sample, based on tests made over half a year ago.
Since March, the claims have been 2.5x, not 2x:
Yes they did but both Bonaire and Hawaii are worse in perf/watt than the latest Tonga, so the end results, 2.5 perf/ watt on either of those chips vs 2.0 perf/watt on Tonga, is all the same! (You have to keep in mind nV and AMD calculate their power values differently. While r390x is stated to use 275 watts, it goes beyond that in typical gaming many times and ends up past 300 watts. So what numbers are being used?)
Using the 275 watts for r390x you get the same as the 2.0 perf/watt as Tonga.
Coincidence, no, they just used two different starting points to confuse everyone and fool people at times too.
Now I would take what they stated at the last financial conference call as more credible then anything else they have stated, its also the most recent as well.Which both the CEO and CFO stated 2.0 perf per watt over the current midrange. Does that mean the 280x or the 380x? If its the 280x AMD is way way behind, if its 380x, they are around ~20-25% behind Pascal.
Added to this, the test board, preliminary samples stuff yeah that doesn't fly, unless they had some serious issues in the silicon, power consumption, frequency and things like that aren't going to change much by minor changes. How many times has things like this been talked about here at B3D? Many times, you might get a minor % change, but nothing significant.
Furthermore, the framerate cap was there for both graphics cards, and nvidia chips also save power with framecap (e.g. boost not needed).
Also boost doesn't increase Maxwell 2's power usage beyond their envelope. So using frame rate lock, doesn't do jack to save power on Maxwell 2 cards, very little savings.