It's not the transistor count what you have to take into account, it's 512 SPs which is 2.15x more than in GT200. That paired with all the improvements in threading and load balancing means that Fermi has probably more than twice the power than GT200 has. After reading the whitepapers, I don't think that anything of that added "cpu kind" functionality will cripple performance, on the contrary: latencies have been dramatically decreased, interconnect bandwidth increased, there are added schedulers and threads...
Regarding the last sentence that's not accurate really. If you put a GTX285 at the same clocks as the HD4870 reference clocks it would more than scale beyond, HD4890 clocks... It's just two different ways of doing things, Nvidia has had the OC advantage in almost every chip in the recent years, mainly because they aim at lower clocks to begin with. And that being said we have no clue which clocks will GT300 launch at, it could be anything between 600-800 Mhz. Lower and higher is unlikely. If it's close to 600Mhz, then GT200 would be 2x as fast as GT200, if it launched near to 800Mhz it would be much faster than that. Point is we don't know exactly how it will perform, but looking at the specs it becomes more and more evident it will not be slow.
EDIT: Before this becomes a discussion, I'm not fighting with you at all. I'm just stating the posibilities, answering your questions trying to offer the different angles.
I don't believe 100% either, and I'm not saying that's going to be true. But what I do think is that writen words that are claimed to come from a CEO >>>>>>>>> speculation and thoughts of a member with no info to back his claims. So since all this is speculation, and all of us are talking from speculation, I put both things in a balance and I have no doubts as to which posible, especulated, reality is the one with more probabilities. Specially since most of the other info there regarding GTC is true. Even if Fudzilla is not the most believable source, truth is that with GT300, they've been correct in the last two days and also overally. For instance I think they were the first ones mentioning the real codename Fermi.
What is clear IMO is that he had already made his mind around an idea, he didn't know who Jensen Huang is nor what GTC is, so he thought he was making his claim stronger in his second reply, while he wasn't, and he is unable to change his position after that on his next posts.
Point is, even if that info is not 100% accurate, the posibility that it could not happen that way is not enough to assure his claims. Uncertainty is never a proof of anything, and seriously I'm starting to believe I've traveled to an alien world or something, because I'm seing uncertainty used as proof everywhere: like in BM: Arkham, TWIMTBP as a whole, in the spaniard TV... It's the world becoming crazy or what?