Will it ever be released ? There is a picture of two AMD Radeon HD 7990 "Malta" graphics cards in a CrossFireX configuration. The cards in the picture appear to be identical to the reference model that AMD showed off at last month's Game Developer Conference (GDC). The pricing and availability remains unknown.
AMD doesn't speak much about the card, but mentioned that its triple-fan approach is paying dividends. "It's whisper quiet," commented Matt Skynner, general manager of AMD's graphics business unit.
AMD Radeon HD 7990 (Malta) would target GeForce GTX Titan and sure, the GeForce GTX 690. With two Tahiti GPUs likely XT2 this a dual-gpu card could haul serious ass alright. Still it is based on a speculation from a source that has been wrong on many occasions. You may assume however that the card would offer a GPU core clock above one GHz, and that would seriously interfere with NVIDIA’s flagship products.
Here's the photo, courtesy of TPU: