This could work
In the long term Apple will be better off. IBM has already proven beyond any shadow of a doubt that Apple is not a priority customer. as Sony , M$ , and Nintendo have already leap froged Apple in the who get the CPU's 1st food chain.
I believe IBM has it's hands tied with producing millions of CPU's for every console maker , plus supplying the Highend server market with Power 4 and 5 processor it is already streached thin as it is .Then has to make room for Apple and it's G5 .
Sorry folks but I believe IBM has officially given Apple the shaft , just like Motorola did as they don't see the Mac market as a profitable enough market to keep investing money in R&D.
Intel on the other hand can make a cash cow of Apple , as they have the capacity and means...they don't call Intel chipzilla for nothing.
Many of you know me as an AMD fan ...some may even call me a fanboy , but I will give the Devil his due and admit that AMD is but a fly fighting an Elephant when it comes to AMD vs. Intel.
AMD has the upper hand now but The Inquirer alreadys has reported that Intel has been hard at work on a 11-13 stage 64bit CPU for sometime and is expected to debut in 2006. kinda thier answer to the Athlon 64. I am rooting fot AMD all the way but I know that Intel will eventually catch up. It always does.
As for Apple choosing Intel over AMD , simple Manufaturing capacity , no one not IBM not anyone can out produce Intel , it's what they do best. They Supply the whole industy and AMD is just not big enough to be an exclusive supplier to Apple plus make chips for HP and everyone else. Why do you think Dell still hasn't gone AMD.
Intel has a real Mobile Solution in the Pentium M that is only going to get better with time ,Pentium M's already do PCIe and DDR2 533. DC Pentium M's as expected 2nd QT 2006 and will run DDR2 667-DDR2 800. Lets see a G4 do that. If they put that in a Powerbook i'd pay $2500 for that. Imagine a PowerBook 17in with 5hrs battery Life , DC 2ghz Pentium M DDR2 667 and X800 GPU

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I don't understand why everyine here has such a death grip on the G5/G4 , What makes Macs so great in OSX not a PPC chip, Imagine Powermac with an Nforce 4 MB running SLI

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Best of all floks you will be able to do a real upgrade and not have to fork out another $2000+ for a new PC.
If Apple can do another classic mode that will let you run your current Software on X86 till everyone makes the adjustments and buys the native stuff it will make the transition alot simpler.
lastly Windows is bloatware , HP and Dell have both been begging Apple forever to port OSX to x86. They hate M$ and Bill Gates this is a legitimate way out. If the hardware vendors wish for apple to suceed then it will. Linux screams on fast intel or amd hardware and i would expect the same type of performance from OSX.