AMD is kicking Intel’s butt especially in PCs and servers. A couple of years back most people wouldn’t even entertain the idea of buying an AMD processor based PC. But these days its clearly not the case. AMD opteron based machines are now even available from Sun for pretty attractive prices! It will be a long time before AMD can challenge Intel in big way but certainly the early signs of it are visible. This increases Intel’s dependence on growth from new technologies (Viiv and others) to continue its lead. But these technologies are far from proven and includes many new players vying for the digital living room. I suspect the years ahead are going to be tough and crucial for Intel.
Btw, check out Intel’s new website (a clear overload of flash, the marketing guys are going berserk I suspect?). I hear the look and feel of the Intel front office has also changed dramatically!