According to our sources, AMD's mid-range HD 7000 series GPUs based on the Pitcairn GPU will come after Chinese New Year, or late in February, while CeBIT that starts on 6th of March is currently the launch date of the new dual-GPU New Zealand part.

According to the current AMD schedule, Pitcairn is scheduled to launch after Chinese New Year. Since the Chinese New Year starts on February 3rd this year, and ends with Lantern Festival on the 15th day, you can expect the Pitcairn to be launched somewhere around the 20th of February, or simply a week after Chinese New Year.

There has been no talk regarding the price of these cards and the recently rumoured prices are simply an educated guess as if you have Tahiti prices, which are still not set in stone according to our sources, it is pretty easy to guess the pricing of mid-range cards. The rumoured pricing, put Pitcairn cards at US $299 and US $199. It is expected that Pitcairn will be branded as Radeon HD 7870 and HD 7850.

Of course, we are still a long way off from the February launch date so there will probably be more leaks after the CES 2012 show in Las Vegas. In any case, AMD has a decent amount of breathing room as Nvidia's Kepler is still scheduled for March, or simply, Cebit show time, but we guess we'll at least see something from Nvidia during CES 2012.

Update: 

We were accidentally looking at the wrong date for Chinese New Year and since the Chinese New Year starts on January 23rd next year, it means that Pitcairn should come early to mid-February rather than late February. It ain't official yet, but our sources claimed that it should be launched a week after the Chinese New Year, and since it ends on 15th day, that date should be somewhere around 7-10th of February. Credit goes to one of our posters in the comment section for having a keen eye.