That makes absolutly no sence. The whole reason it has that code name is because of the GPU's in it. Although I see what your trying to go at, but with all due reason this is the new trend.
Yes three times faster than R600/RV670. RV770 = 1.5 of RV670 correct? Going off of performance rumours of course. That would imply R700 = 1.5 + 1.5 = 3x RV670. Again all assuming not being a AFR solution.
No matter what it is you won't get 100% scaling. Would be nice if that were possible though.