The blokes at Hexus have what they believe to be the first spy shots of a D3D10-ready card. S3's stepping up to the mid-range plate with HDMI, too.

"Rumour has swirled for a while now about S3 Graphics not creating any D3D9 Shader Model 3.0 part, instead going straight to building a D3D10 Shader Model 4.0 GPU, given the proximity of their dev schedule to the release of Microsoft Windows Vista."