cemerian :
amd will never release a part that beats nvidia by 2 or 3 generations just as nvidia will never release a part that beats amd by 2 or 3 gens, they will simply hold back the high end part and rebrand mid range part to high end one until the other has something thats competitive, nvidia already did that with kepler, the gtx 670 and 680 where never originally planned as high end cards, but because the gk110 was far ahead of anything amd had at the time(also the costs but mostly lack of competition) they held it back for 7xx series, this has happened and it will always be thus, neither of the two want to crush the other, therefor even if gcn 2.0 as you put it would be as fast as you claim it will not be released to the public untill nvidia has something that can compete
At the time, ~300mm^2 28nm chip was the biggest you could make. In fact, fully enabled GK104 GTX 680 yielded terribly, to the point where they were very hard to find. Nvidia claimed it was demand, but GTX 670 came out with part of the die disabled and there were plenty of them. But if the chip was bigger, like GK110 size, it would have been a disaster.
Once the process matured, you saw both prices drop as yields improved. You also saw bigger dies eventually show up. 7970 and GTX 680 high launch price was due to poor yields on 28nm.
The fight when AMD and Nvidia was on the same process node ended up being about who could use die space as efficiently as possible. Mainly because an AMD GPU of the same size of an Nvidia GPU would yield similarly (though not exactly the same as you'd have different densities and stuff).
However, AMD moving to Samsung/GloFo (I would consider them both the same since they are going to share technology from now on) while Nvidia stays on TSMC means that the days of AMD and Nvidia competing on the same process and having the same constraints will be over. If TSMC or SamGloFo have significantly better yields, performance, etc over the other one AMD or Nvidia will have a huge advantage over the other that didn't exist before.
And as others have mentioned, Nvidia going after Samsung legally is going to basically cut Nvidia off from SamGloFo. So if SamGloFo ends up kicking TSMC's bottom, Nvidia is going to be stuck on an inferior process with no where else to go. If the difference between processes is big enough, and we end up in a situation where 600mm^2 SamGloFo chip has no yield issues and 600mm^2 TSMC chip has terrible yield issues, Nvidia will be stuck with a huge, expensive chip that's difficult to make while AMD can flood the market with abundant 600mm^2 chips and do serious damage to Nvidia.
And then we have the HBM rumors. WCCF (so huge grain of salt of course) was calling for ~550GB/s of bandwidth. There's going to be no contest between Fiji and GTX 980 at higher resolutions like 4k thanks to that. In fact, you're going to probably see things like Fiji humiliating GK204/200 in things with MSAA or high resolution. It won't matter how efficient or great GM200 is. If the GPu is starved for data due to lack of bandwidth, it's not going to matter at all if the GPU is twice as fast as Fiji. It'll starve.
And of course, we have to consider that bandwidth numbers for GPUs are all theoretical and real world performance is not what they claim. And it's been documented at Tom's that Nvidia GPU (at least Kepler) falls much shorter in real world bandwidth performance than AMD and you can see it when Nvidia does well at low resolution (like 1080p, sorry guys) with no MSAA and then at eyefinity or 4k AMD
can in some games (not all) walk away with a victory, even when they do not do so well at lower resolutions.
Things are going to get very interesting. I have a really good feeling Nvidia knows what AMD is up to and they've marketed Maxwell parts based on efficiency as opposed to raw performance. My guess is that Nvidia knows that Fiji and company will make Maxwell look awful for raw performance so they're bracing for the marketing angle of "but GTX 970 is so much more efficient even though it's slower so it's still good!" It just seems so weird to be in a position where Nvidia has the efficient parts and AMD has the big, hot, power guzzling high performance parts. My theory is that you can tell how much of a beat down AMD is going to deliver by telling how much Nvidia focuses on non-performance related things like efficiency and software benefits. I'm expecting to hear a whole lot of "but even if the Nvidia is slower the drivers are better, you have FXAA, G-Stink, etc" And I realize to some people those aren't selling points or things that I or you will agree with, but some will be all over those. But my point is that Nvidia won't have performance to argue against AMD with so they're preparing to push their other technologies to add perceived value to their products beyond raw performance.
EDIT: maybe a better name for Samsung + Global Foundaries is GloSung?