After taking the cooler off, we see a black metal plate covering some critical (and hot) components and preventing the card from warping.
Sticky thermal tape used for heat transfers
Once completely stripped, we see that the MSI R7950 Twin Frozr 3GD5/OC is indeed using AMD's reference board design, which is not necessary a bad thing as it means it would have been properly and thoroughly validated.
The board uses all solid capacitors and the CHL8228G VRM also makes its way here, driving 6+2 phases for power delivery
The same Hynix GDDR5 used in a ring bus clocked at 1300MHz by default
Moving on, we examine the gorgeous Twin Frozr III Cooler which first appeared in MSI's previous generation AMD and NVIDIA cards.
No qualms about the fin count or density here
5 heat pipes (dubbed SuperPipe) attached to a Nickel plated copper base.
The two 80mm fans are made by Power Logic and are rated at 0.35A @ 12V DC with 4-pin PWM capability. According to the manufacturer spec sheet, it has an max air flow of 34.85CFM, 3.626 mm-H20 of static pressure and up to 37.5dB of noise.