It has been about two months since NVIDIA officially unveiled their first pair of DirectX 11 graphics cards based on the highly anticipated Fermi architecture, the flagship GeForce GTX 480 and the GeForce GTX 470. As is typically the case, when NVIDIA--or ATI for that matter-- releases a new high-end GPU, lower-end derivatives are eventually introduced to maximize utilization of available yields and of course deliver product at more cost-conscious price points. Today's launch of the new GeForce GTX 465 is just such a move. The new GeForce GTX 465 features the same GF100 GPU as its higher-end cousins, the GTX 480 and GTX 470, but a few of its functional units have been disabled. The result is a somewhat less powerful, but also less expensive, Fermi-based graphics card. Journey on for our full analysis of the product on the pages ahead...