A cut-down version is possible. I think the most likely hypothesis at this point is that this is just a fake.
But assuming it's not, AMD would have needed profound micro-architectural improvements to reach this level of power-efficiency. Thus, those CUs might not be directly comparable to, say, Hawaii's. Or they might be running at significantly lower clock speeds. After all, there's little point in pushing your chip's clock speed beyond its most power-efficient point if it's already faster than the competition by a commercially relevant margin.