I tend to agree. Pat seemed to be trying to take a middle ground approach: split the company in two, but not really giving up hope that Intel would regain x86 leadership and that somehow things were still going to be OK on that front. The reality is that even if Intel retakes x86 leadership, x86 isn't what it once was and is unlikely to command the premium it once did except in niche legacy applications. If you give up hope for a return to the glory days, there's some radical restructuring left to do which includes cutting most of the middle, and some vertical layers, out of Intel.