Things have been quiet on the GPU front for a while now, but there has definitely been activity on the pricing front. With the economy in the toilet, spending on hardware and games has declined; AMD and NVIDIA are fighting for your purchase. Prices are fairly compressed between $100 and $200, and spending just a little more can get you a whole lot of bang. We'll start on the low end and move up as we go. 

We use price and availability at newegg.com as an indicator of the broader market in order to simplify our data and give more clear recommendations.

Sub $100 Cards

At the lower end of the spectrum, the Radeon HD 4670 can be had for less than $70 USD (down to $50 if you don't mind the rebate hassle). This is a solid card and a good way to go for people who want a well rounded card. It's not the best performer out there, but it offers a good performance boost over built in graphics hardware and leads cheaper add-in cards as well.

	ATI Radeon HD 4670
Apollo 256MB	$65
ASUS 512MB	$68
HIS 512MB	$70
Sapphire 512MB	$70
Gigabyte 512MB	$70

The Radeon HD 4830 has been pushed down in price slightly due to the appearance of the Radeon HD 4770. This puts it in competition with the GeForce 9600 GT, which can't quite match the former's performance. This gives the edge to the 4830 which is quite a step up from the Radeon 4670 if you can afford the extra $20 or so dollars.

Sub $125 Cards

It seems like every time we look at the Radeon HD 4850, AMD has raised the bar once again. Performance of this part exceeds that of the Radeon HD 4770 which is still stuck, at best, at the same price it was at launch. Which happens to be the price to which the 4850 has finally fallen. Most 4770 hardware on newegg.com is actually more expensive than the 4850. And after rebate, the 4850 can even be had for as low as $90. That's simply amazing for the price.

The GeForce GTS 250 512MB (aka the 9800 GTX+) typically costs more (though the Galaxy card can be had for the price of a 4770), and is definitely not as good a deal. The 1GB card does have its advantages, but it's price is also much higher.

Sub $145 Cards

While it seems to be declining in availability, the Radeon 4870 512MB drops in at between $125 and $150. At the low end, this is a great deal that competes incredibly well with the previous segment, but the availability of of these parts make it a deal not long for this earth. Certainly, at the low end, it is a much better deal than the GeForce GTS 250 1GB that falls in this range as well (though solidly at $140 with one card hitting $125 only after MIR). Even at the same price, the 4870 512MB is absolutely the way to go. As we've typically recommended, though, if you can spend the extra money, the 1GB option provides more well-rounded performance.

Sub $180 Cards

The Radeon HD 4870 1GB and the GeForce GTX 260 core 216 are the first set of cards we come to that were and have been direct competitors in terms of price and performance throughout their life cycles. Since the introduction of the core 216, driver development differences and aggressive pricing, this battle has been a matter of preference for quite a while now. It seems both AMD and NVIDIA are content to keep it that way. The Radeon HD 4870 1GB can have a bit of a price edge, but some of those NVIDIA cards might also have a bit of an overclock that balances it.

Sub $250 Cards

The Radeon HD 4890 and the GeForce GTX 275 are both relatively new parts. The 4890 seems to have fallen in price across the board more rapidly than the GTX 275 and can generally be had for a better price (though there is one GTX 275 model that can be had for the same price as the 4890). If we look at mail in rebate, then the 4890 can have up to a $20 advantage and at $180 is a great deal and definitely worth it if you can afford that extra bit of cash beyond the previous segment (sounds like a trend doesn't it). At these prices, the 4890 is the way to go, especially if you don't have a 2560x1600 monitor. 

We should add that for those who like single card dual GPU cards, the Sapphire 4850 X2 2GB is definitely interesting. We tend to prefer single GPU cards as they have more predictable performance characteristics, but this is not a bad price for entry into the multiGPU market. Sapphire has been and still is the only manufacturer to offer a 4850 X2 part. 

$300+ Cards

In this arena, AMD has run out of single GPU parts. NVIDIA has one left with the GTX 285, but with the >$100 price premium over the Radeon HD 4890, there are certainly diminishing returns here. While the Radeon HD 4870 X2 also offers an advantage over the GTX 285, there's another rather large price jump, but if you're going to spend the money then you get more for the jump from the GTX 285 to the 4870 X2 than from the 4890 to the GTX 285 as well.

Way out in the stratosphere is the GeForce GTX 295. Solidly at $530, this one is definitively not a great deal. You pay a high premium for having these two GPUs in a single card, and picking up two GTX 275 cards will be both cheaper and faster. And if you really want to do that, two Radeon HD 4890 cards would be our recommendation there for less money.

Final Words

That's the update from field. It's only been a short time since some of these parts debuted and the market is already compressed like it hasn't been in quite a while. For those who can afford it, buying a video card today will get you a lot for your money.

In any case, there are two standouts today: the Radeon HD 4850 and the Radeon HD 4890. These two are really terrific values.