It's the latter. As I have mentioned several times here previously, the "old" 27" iMac is almost retina resolution already at 2560x1440 if viewed from 32 inches away...
The point where the old iMac becomes retina is beyond 32" view distance (assuming perfect eyesight), so at that point, there will be no visible difference between the new 5k iMac and the old one.
You'll only see the difference if you move closer to it.
So where did you find this figure related to "retina resolution" as a function of distance? I must admit when I was at Apple store looking at the 2 screens side by side it was not easy to see a difference, but I may have been more than 32 inches away from screens.
is going to use AMD Radeon in the next Retina 15" MacBook Pro high end version. If I'm not mistaken the M290X/M295X can be ran in SLI mode (if manufacturer put 2 of them in there), I wonder why Apple decided to not offer a high end SLI version since this has a beast of a screen, maybe it would royally piss off the Mac Pro buyers?