The stated wattage is for the CPU only, not both. Note the total wattage for the Core i7 640M. It's 35 Max TDP. They don't include a third party IGP for their processors. The Sandy Bridge Quad Core S i5 mobile processor has a total of 45W TDP in comparison. Both without the GPU.
No reason for Apple not to include a Quad model i5 S Sandy Processor in their MacBook Pro's.
http://ark.intel.com/Product.aspx?id=49666&code=640M
You will most likely see these processors in the new MacBook and Mac Mini and MacBook Pro. Here is my opinion of how it will play out.
Intel Core i3 2100T=MacBook and Mac Mini
Intel Core i5 2390T=MacBook and Mac Mini upgrade(Maybe), Standard Mac BookPro.
Intel Core i5 2500T= MacBook Pro upgrade.
I may be wrong but I don't see how much choice Apple has here.