Nvidia's new budget card with the name of GT220 is expected to be released in October, before the release of Windows 7. This is nvidia's first 40nm gpu, which also supports DX10.1(finally). It features 48 stream processors and a 128-bit 1GB GDDR3 memory. Clock frequencies are 720/1567/1600MHz (core/shaders/memory) and it comes with VGA, DVI and HDMI.

The Gigabyte card comes with a dual slot cooler and 80mm fan, something that definitely doesn't look like a reference design.

Here's a photo:
Too late for nvidia to support dx10.1 as dx11 cards are already out. They better start promoting their GT300 cards soon, that is, if they're ready. With yields rumored to be below 2%, the future is looking very grim for nVidia.