If they cannot hit their expected power and/or clock targets, then performance compared to Cypress will not be where Nv would want it to. And far worse, if their presumably big fat die will not be within a healthy margin out of current-issue cypress's reach, then AMD might do to them, what they did with RV790 to (most of) GT200b.
They don't have the option of just throwing a sub-expectations performing part on the market again with no immediate successor being in the pipeline, assuming they cannot go much bigger, denser or higher clocked on the current 40nm process and it's options (of whom i am not aware).
If yield is a critical issue for them and their coarse grained redundancy (which builds upon improvin process maturity over time or on the availability of optical shrinks), then they're in it even deeper - at least from where I am sitting.
So they might need to do an A4 or, as Ailuros suggests, even a B
n, to improve on either or both fronts if A3 isn't up to scratch in terms of delivering their intended performance. With G80, they could afford to wait with a new stepping/model/respin in the form of the Ultra until just before R600 launch. This time, a mediocre product, which might be on the market about six to eight months after the competition (I'm talking about Cypress here), will cost them dearly.