My thinking has turned-around in the last six months. I now see the ATI X1900GT (512MB) as being a better value than either the Nvidia 7900GT (256MB) or 7900GTX (512MB). The ATI has slightly better image quality, better future-proofing (for use on future games that are likely to use more Shader Model 3 and dynamic-branching), better AVIVO (video-in-out) quality, and at a substantially lower price. (Am I correct there?)
However, I still don't have much feeling for the heat, power, noise differences. I understand the Nvidia 7900 has better specs here, but I haven't seen any official comparisons yet. Some people say the ATI noise is barely noticable, except for five seconds when powering-up, and when playing games to the hilt. Other people compare the ATI to a blow dryer (in noise and heat).
Have any labs published comparisons yet? Any thoughts? I'm interested in power requirements (the financial cost of running it), at idle and under full load (I presume that will also tell me the heat output). I'm also interested in the noise (under idle and full load).