The 8800 GT would have 10% lower bandwidth than the 8800 GTS, and less ROP power (unless the ROPs have been tweaked). Even with 20% higher core clocks, I'm not sure why it should be much faster than the current GTS, and I fail to see how it could be faster than the revamped GTS unless its architecture is significantly more efficient.
texel fill-rate:
14.4GTex tri > 14 @ New-GTS > 12 @ Old-GTS
With higher AF-level bandwidth-difference should not be so important.
arithmetical power (@ Mobile1 was said ROP/TMUs low-speed but shaders high-speed, so I think it is a higher ratio than on 8800GTS/GTX, lets calculate with 2.47 like on Ultra -> 1.5GHz)
430GFLOPs > 403 @ New-GTS > 345 @ Old-GTS
Also somethings, thats not so much influenced by bandwidth.
The lower rop-power should also not so important, since G8x has extreme powerfull ROPs, which should not be limiting in most cases.
In my opinion your 8800 GT would be faster in most benchmarks than Old-GTS and New-GTS, and that would be confusing for customers and not very logical. (And think about factory-OC-versions of 8800 GT, which probadly will be sold <$300, which would make this circumstance more clearly)
Also we have to think about, why NV upgraded GTS?
In my opinion, they wanted to reach that "GTS" has a
clearly right to exist, because 8800 GT came with its 9.6GTex tri/Pix and shader-power >300GFLOPs to near to the old version and AIBs would remain seated on this cards, because you can buy a 8800 GT for $249 while GTS costs $399 (maybe $349 in November), which is not really faster.
And that 8800 GT was called 8700 GTS in recent past, is also a sign imo, that it could not be faster than a 8800 GTS.
But lets see, maybe NV really gets illogical...
edit:
I just heard, that 8800 GT 512MB was reduced to $229.