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Well, it is net waste for the company at some point. AMD is supreme at CPU now, their lineup is awesome for years. But look at last few graphic card generations. When was the last time AMD really competed in enthusiast market? It’s been falling short for quite some time so now they admitted it, cut r&d cost and just skipped high end while focusing on most selling segment. And from the reviews it looks like it paid of as 9070 looks like a hell of an upgrade!
Don’t get me wrong. Nv having no opponent is not a win, because they can and will charge even more for their top of the range. But I’m just saying this was a good decision for AMD.