If all goes well, the second generation Fermi architecture should be coming in late 2010. Since Fermi is Nvidia’s big transition that got delayed, it looks like Nvidia plans to have two new major generations in a single year. Traditionally the new chip comes in one year and roughly 12 months after the company is ready to launch faster version of the same chip, with more muscle.

We also learned that the mainstream Fermi won’t be significantly delayed from the original plan and we hope to see GF100-based GT300 single-chip card in March of this year.

By November Nvidia should be ready to announce its new architecture, but this time we only know that Fermi is the first step in new architecture development that should stay with us for a few years. G92 foundations lasted almost three years and we expect that Fermi and future Fermi chips in next few years to feature the same fundamental design.

After all this is what ATI and Nvidia have been doing for quite some time now. If Nvidia doesn't push second generation Fermi to a later date, you should see these chips by Q4 2010.