And why would nVidia wait for a response of AMD?
Do you forget what happend with GT200? It would be really stupid to ignore the fact that amd could and i think will reduce the price of their cards. A GTX470 for 399$ with the performance of 5870 looks not interessting after a nearly 100$ price cut of the 5870...
That's why I think they will need something with significant better performance (and features) than a 5870. My assumption is that they have been targeting for this. This way they can price it higher, and everything will be fine. Neither company will benefit from a new price war. Especially when availability for 40nm parts in general is low. Healthy margins are required.