I think we're probably missing the obvious: 40 EUs doesn't mean they increased other units by the same amount - I'd certainly agree they'd likely be very bandwidth limited if they did. However ALUs are the least bandwidth-hungry part of modern GPUs (doesn't mean they can't increase it somewhat, but nowhere near as much) so if you've got die area to spare it's nearly always a good way to increase peak performance for ALU-heavy workloads.
Depends on what is the status of their interposer efforts. If they come online in time, then 40EU's could look VERY good.