Dutch website Tweakers.net posted what they claim are honest-to-goodness pictures of Nvidia's GeForce GTX 480 videocard, otherwise known as Fermi.
The pictures were taken during the CeBIT exhibition and show Fermi unmasked. The site says it's an A2 revision GPU, though identifying marks have been blacked out. You'll also notice 12 memory chip, 128MB each, for a total of 1.5GB of memory.
While the cooler has been removed and is visible from the underside in just one of the pics, you can see heatpipes extending upwards. Tweak.net says this will be Nvidia's standard cooler, adding that you'll likely see AIB partners add their own cooler to cut costs.