Are they? I'm not. I wouldn't be shocked or anything, but I consider it on balance to be less likely rather than more likely --at least if by that you mean branching performance equal to ATI's. At least not if they are also upping PS to 32, as is the rumor. Why do I say that? 1). Because it appears they already increased it somewhat for G70, and I suspect that was the end of the "easy wins" on that front for them. 2) Because ATI doubled transistors without increasing functional units to create "SM 3.0 done right".
Maybe they are mondo wizards at NV, but I'm not expecting them to figure out how to get north of 400m transistors on 90nm on their first high-end part, nor how to get a signficant performance increase in this area without spending signficant transistors on it.