I heard about that too. Wasn't it like early last year that the 7000 series came out? A new series would be about due in December / early next year. So right after the new consoles launch though, they'll probably launch a new series of GPUs with a new 20 nm architecture?
December 2011 yeah.
It's just a rumor. I read it on anandtech forums I think. It seems plausible considering how small AMD's market cap is now. They probably cannot afford annual releases with reduced staffing. If they can beat Maxwell by 6 months, that would be huge for them. Even if it's only 50% faster than Titan....that's 50% faster than Titan. Maxwell could be nearly 2x. It would be good for us if there were constant dethroning of the high end.