I'm not sure I believe that they'll skip 20 nm completely. For consumer level products, I think it's believable and at this point likely.
But for the high end, low volume where cost isn't a factor, I bet there will be a 20 nm GPU that will show up as a Tesla product and then maybe filter to a consumer GPU as a GTX Titan II or something similar with an outrageous price tag.
However, I don't think I buy the time table for the 16nm refresh. I think the earliest would be Q4 2015 and at that point they'll probably call it the 9xx series.
TSMC's 20nm isn't meant for high performance parts... 20G is no more. Adding in the increase in cost with minimal power/speed benefits and waiting for FinFet makes even more sense.
Finfet is right around the corner, there is absolutely no reason to manufacture at 20nm SOC, only to move to 16nm FinFet in 6months then to move to 16nm FinFet+ in another 6-8months.
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