jhu said:first, that's only because intel prices them that way. if you control the supply, you can make the price whatever you want. it's the same reason why a p4 extreme edition costs $1000.
second, the itanium is defintely not underpowered. chech here: http://www.spec.org/cpu2000/results/res2005q1/
in floating point operations, a 1.3 ghz itanium still trounces a 3.6 ghz p4 by a wide margin.
in real world that figure is meaningless, it dose not change anything, EPIC was intels pipe dream that never payed off, read the previous post (1-2 pages back) about how itanium screwed SGI compaq and HP.