It's not about the speed of PPC at all. It's about having to make a single code stream compile successfully on two platforms and remain optimized. I'm sure that there are extra developers required to maintain both code streams (even if some code is common and just compiled in place). Once you eliminate PPC, you can further optimize the Intel builds because you can make changes that would be otherwise detrimental in a PPC environment. You can also drop support for hardware that never shipped in an Intel Platform.
And this is exactly why I would have thought it would have been a much bigger announcement. Why have developers keep working on the dual optimized streams to create universal binaries when the OS will only support Intel? Surely you can create apps that will be compatible with previous OSX incarnations on Intel. I mean if Apple thinks that PPC computers are to old and few to develop an OS update for why should new developers work on PPC code? And by not telling them that PPC is being dropped they're effectively wasting developers' time and money as they work on universal binaries.
For that matter any PPC only app will be at least 4-5 years old at the point Snow Leopard is released. If they haven't updated to Intel by now they probably never will so let's just drop Rosetta as well. If my 5 year old computer is that obsolete so is my 5 year old software.
Why would they take PPC support out of a developer preview and then re-add it later on? That wouldn't happen.
1. You don't take out a huge thing like that and add it back in later, it takes time and money.
2. Adding something that big later would have a ton of bugs.
3. It would just be stupid.
PPC is dead.
Did you miss this one?
The Dev Builds of Leopard were Intel only at the start.
Just because it's not currently supported does not mean it's not there or being worked on or has to be "added" later. In theory the PPC code doesn't ever run on an Intel box so if they are still working on it but wanted to get it to developers the Intel only build would get developers started while they worked out the PPC kinks and the PPC code would still be there.