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Yes Intel still is in a position to do 'what ever it wants.' However, that position is now a little narrower.
What I wanted to emphasize, was that Intel hoped Itanium would be its shining star for the 64 bit world. From what I can see it is a beautiful piece of engineering. What Intel forgot was practicality: "Keep it simple stupid" as the old adage goes.
Quantum leaps in technologies are rarely accepted outright as they destroy the past, with its dependencies on the old architecture too quickly. Look at the initial trouble AMD had with the Athlon 64. There were few available mobo's to support it, and this was just an expansion of existing architecture, not a whole revamping of it.
I believe Intel is to be commended for its effort, but also chided for its arrogance: for thinking it alone could dictate the future of 64 bit architecture.
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