The official S3Graphics website seems to be updated with the information about a new product by the company. However there are some unfinished links and pages which point me to the idea that this is posted by a fault before the official launch. A PR is missing as well, but we have a few PDF documents/whitepapers about the technologies used in the new chip
Download: Hi-Def Computing white paper
Download: V8 Pipeline white paper
Download: Chromotion white paper
Download: Silky Smooth white paper
Download: Advanced Deferred Rendering white paper
News source: W2S