Not good to have all eggs(apples) in one basket.
It a logical business practice, if you ask me. What happens if intel cannot deliver or is running into some problem down the road.

learnt its lesson with the PPC "G" series, and plans to be as flexible as possible. Nothing is wrong with that, I bet there is a PPC version of Snow Leopard in they labs as we speak.
The ARM processors have been used in mobile computing and devices, and if

is heading in that direction count on more iPhone OS X to utilize the cost efficient processor in the future. Maybe even a MacBook Air running some near full version of iPhone OS X/Mac OS X on an ARM.
It's not an issue of Intel vs ARM for desktop computing, it's one of one of chasing the power-sipping specs for mobile computing. Right now mobile computing is broken into two groups: 1) Intel chips that are optimized for mobile applications. These chips run MS Windows and Apple OSX, and are aimed at fulfilling the applications needs of enterprise, government, and legacy users. These chips may never be as power efficient as the ARM chips.
2) ARM chips that due to their design, are the best path to devices that have much longer battery life between recharges. These are most suitable for smart phones and other highly portable devices. (Low battery consumption means lighter weight, cooler operating, and smaller devices as a consequence)
All ARM chips lacked was a good application base to become broadly successful to a large user base. The iPhone/iTunes mashup created an astounding 140,000 application base in an amazing short timebase. (its next competitor's application offering is 100 times smaller)
I don't envision the current Intel architecture going away as the mobile computer segment grows. There are many backroom applications that it should continue to well serve.
What I do see is the needs of mobile users being better served by ARM style hardware. And I see that arena broken into two segments:
1) Closed, mostly vertical systems, such as Apple's Mobile OSX.
2) Open systems, such as the Android OS
While history shows that the market favors open systems 10:1, history need not repeat itself this time around. Short term agility and long-range strategic planning have both become more important in the last 10 years.
Additionally, companies that can keep their core products from becoming commodities can command better margins and develop a more loyal customer base. These kinds of companies can also effectively lead the market, which also gives them the first-mover advantage at all times.
To recap: It's not ARM vs Intel competition for desktop computers. It's a matter of choosing what works best in the super-portable computer arena of intelligent phones and touch-based computers. ARM brings the right specs to this market segment. Apple brings the OS and applications.