Actually the GHz war is still going. You're going to hit a wall trying to code so many parallel operations at once in order to improve speed. Then you still have to fall back on raw clock speed alone. Penryn isn't that great of a change when compared to Core 2, you do get higher and cooler clock speeds moving to 45nm.
$637 for the T7600, $529 for the T7700, and then $851 for the X7800. I can picture Apple offering it as a custom option but not as stock.
The 44w TDP isn't that scary compared to the old PowerPC 970FX at full load.
Do you think Apple will offer factory overclocked systems?