I had to undervolt the cards but am able to pull 1050MH/s on 375W at the wall.
wtf.
That makes perfect sense. Why are you so confused?
My 7970 undervolted to 950mV, 900MHz core, and 375MHz mem gets me 520MH/s, while only pulling 108W (Just the card, not total system). Temps are also crazy low, like 30-40C @ 40% fan (silent). 2 of these, and it's quote easy to obtain.
Well I could get even lower wattage if:
1) My main rig didn't also power 2 HDs in addition to the SSD boot drive
2) I ran an econo CPU instead of an I5-2500K
3) I actually spaced the cards with risers - as it stand they're separated by 0.5 inches so they both run warm/hot 70-80C
The cooler the cards are the less power they'll suck. It's kind of a vicious cycle. But it's my main computer and I never mine at home except now with the crazy BTC prices. Once my Avalons and unicorn blood coated BFL Singles arrive I'll toss all but 2 cards haha.
My power costs me $0.40 since I got kicked up to Tier 5 just by mining on those 2 7950s even with the undervolt. Don't move to SoCal if you want to mine with GPUs.