Actually GeForce FX is the same way. Go look up some early 2003 GFFX 5800 Ultra reviews that test DX8 and OpenGL games. You'll see old NV30 matching and beating R350 sometimes. We know how that went once SM2.0 became popular, however.I honestly think you'd struggle to find any GPU architecture that has faired so poorly with age, especially considering they were very competitive at launch.
Besides there are many games that don't push hardware as hard as the latest shooters do and they do run fine on old high-end G7x cards. It is also wise to consider how a 7800/7900 compares to today's gimpy IGPs and low-end "value" cards. An old 7900GTX will dominate stuff like a AMD 785G IGP, Radeon 5450 or GeForce 9400 (whatever they are calling them now). I know you will bring in the power efficiency point here, but frankly very few people care at all about that, especially if they are saving ~$60 or more by getting a free hand me down graphics card.
I gave away a X850 to my boss's kids years ago and they still use it for games. I also know a friend's sister who plays mainly Zoo Tycoon games and Civ4 and she has an Athlon XP 2500+ and a 6800GT yet. The range of PC gaming hardware out there is MUCH wider than the tech sites tell you.
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It also occurred to me that I found on my notebook with the 7800 Go GTX that in XP the 3D performance is a lot better. I was bored, as usual, one evening and tried 3DMark2001SE in both 7 and XP and found a 40% (!!) difference. I also gave Killing Floor a go and the difference was apparent. I have no idea what the deal is there but it could be shoddy drivers. The driver revision was the same in both OSs though, 179.48.
I do see little reason to run these GPUs in Vista/7 though.
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