Alright. After mulling this over, here is what I could come up with. (Benchmarks later this week will help a lot.)
Background: I have 2 GTX 670's in SLI, but I purchased late in the cycle. Both were purchased in mid-fall 2012 (yes a few months ago) and I was looking to grab the new cards when they released, presumably the GTX 780. This is why I purchased the 670 vs. the 680 or a 690. I paid $800 total.
Let's play pretend a bit. All accounts pointed to the GTX 780 to be a refresh. 15 - 25% performance increase over GTX 680, nothing amazing, but solid. Current guesstimates with no benchmarks puts the Titan at 80% increase over GTX 680. That is amazing. Those are the numbers I am going to use, until confirmation from Tom's benchmarks come in just a few short days.
Playing pretend, assuming a lot: So let's say you upgrade video cards every year on the new model release. You bought 2 GTX 780's because is this pretend land, they just came out. You rock 2 in SLI until the next cards release (Maxwell, 1 year from now). Let's pretend the GTX 780's are $600 each. You have $1200 wrapped up in cards. Let's say you sell both cards for $600 after 1 year of use and purchase 2 x Maxwell cards. Let's say they are $600 a piece. From today through Maxwell you are $2,400 deep on graphics cards, but recouped $600 from selling your GTX 780's for a net of $1800 spent on your hobby. Let's say Maxwell is a whopping 50% increase over GTX 780 (big boost) How much faster would it be than GTX Titan? Hmmmm.....
So no more pretend time. GTX Titan, as of next week, is here right now. $2,000 gets you going with 2 of them, now. You can skip the GTX 780 as I can't imagine they will be faster than the Titan. They will probably be 25% faster than GTX 680 if based on the same chip as the GTX 680. After all the Titan is using a monster GPU! They will also cost less than the Titan. Probably have less memory too.
So Maxwell comes out. If you are within 10% of the performance of Maxwell, maybe you say, bah I don't need to upgrade (sensibility kicks in for the first time in this whole process). Maxwell has to be 18-24 months out w/ no delay's if GTX 780 is slated now for Summer / Fall release. Is paying a premium now for 2, maybe even 3 years of best available performance that crazy? Especially if the premium is maybe $200 vs. the normal process of upgrading and selling cards when the new ones come out?
What if GTX 780 is delayed longer? What if Maxwell is delayed further? What if AMD fails to do anything for a while to push Nvidia? What if this card sits at the top of the food chain (multi-GPU setup) for a couple of years? Won't be so bad having such kick ass performance for such a long time. Plus if you bought 2, you could always add a third if you needed / craved more performance and nothing substantially better was available (talking 2-3 years out).
Sure comparing 1 GTX Titan card to Dual GPU cards / Multi GPU setups doesn't make much sense. But putting 2 in SLI and making the giant assumption that 2xGTX Titans is 80% faster than 2xGTX 680 that is huge! Big enough that considering everything else, there might be a chance that a pair of these bad boys sits at the top of the hill for 2 whole years. That is crazy talk!
I feel like we are getting a chance to buy future tech now. Sure there is a premium. Yes $2,000 is a lot for graphics. But it doesn't sound completely absurd. Still waiting on benchmarks myself, but I would gamble at 80% increase over GTX 680 now for $2k (assuming speed and price are 100% true) than guessing when and what the next 2 flagship cards will be from Nvidia. Presumably the GTX 780 and GTX 880.
Anyone got any thoughts on my way too long assessment? Am I trying to hard to talk myself out of $2k and into 2 Titan's? LOL