Sapphire's HD 3470 card has been pixelized, and it will feature a full sized PCB with a passive cooling solution. According to the listing over at Geizhals.at this card works at 800MHz for the core and 700MHz for either 256 or 512MB of GDDR3 memory.
The only drawback is that this card is still crippled by its 64-bit memory interface, but it will definitely become the ultimate entry-level card. The listed card comes with 256MB of GDDR3 memory, but Sapphire's site states that this card will feature either 256 or 512MB of GDDR3 or GDDR2 memory. The card has a full sized PCB with passive cooling that covers most of it.
You can find it listed here and the lowest price is €57.04, but it is still not available from that supplier.