That's exactly how I remember it. Sold my PowerBook the next week and held on to my G5 until the Mac Pro came along.I'm old enough to remember this:
Despite Steve's promises of new ppc products in the pipeline, none were ever released. In fact the transition to intel was completed sooner than anticipated. And that was the end of that...
If you own more than one intel macs, now is a good time to let them go!
I don't expect any new Intel announcements unless something is shipping before the Fall and was already basically done - but then you gotta figure they'd have put an ARM chip inside instead.