you're comparing a 1000 dollar dual GPU card to a 300 or 430 (7950, 7970, respectively) Single GPU card.
If you want to get technical, with this update, the 7970 is once again the fastest single GPU card on the market for gaming needs. Add that to the fact that it doesn't have issues with double floating point calculations and rendering, and I don't see AMD/ATI as anywhere near "flatlining".
As far as i'm concerned, when they're offering the 7970 for less money(7970 @~430-450 vs 680 @ $470 and up), with better value games (ATI's 3 new 50 dollar games vs NVIDIA's 2 new 50 dollar games, all solid titles.) and with the latest drivers, even if not claiming the throne, then let's say trading blows, I see this as a great deal, even at the regular price.
Besides, i'm not sure what comparing AMD vs Intel has to do with Red vs Green GPU comparisons.