While not being best bang for the buck, I would say that the card is quite nice.
It even has decent amount of memory, so I can enjoy those old games with 32xSSAA..
No, Fermi is nothing like nv30 which was a guite a letdown, especially with new games and new effects on, Fermi seems to do quite decently with the new bells and whistles.
Oh and yes, it could have been better, it could have been 580.
Happily Keppler is coming soonish so we might see what the revisited arcitecture can do.