Iris Pro is good. Good enough to run a retina screen pretty well. Which is why I think Apple will think it's fine for the 13" and entry 15" models. But a decent modern GPU, like a ~760M, or hopefully more like the upcoming ~9770M should be able to significantly outperform it. Therefore, still worth having.
Also, I think if Apple were going to lose the dGPU, they would have waited a while longer for the significant case redesign that came with the retina models, and just stuck the retina screen on the 'classic' body and components. Seems pointless to design a new case to take up to 90W TDP, just to drop the maximum TDP down to 50W only 16 months later.
Interesting. Hadn't looked at the 9770 either.