Intel will also compete in the "good enough" marketplace with the Atom chips on Android. A few years ago we went thru the same argument when Intel took on AMD with the Atom and Netbooks. Android tablets will be the new Netbooks. Intel was able to compete pretty effectively in that space. Intel will be competing at all price points and performance levels.
As others have pointed out more and more newer applications demand greater CPU horse power. That has been the history of computing for the last 60 years. Until a few years ago Intel had ceded the low end to AMD, and the AMD faithful would crow that what AMD had was "good enough" and Intel would be toast since no one would need the extra performance of Intel chips. Now your argument is the same, except ARM has been substituted for AMD. The scenario of good enough computing taking over has still not materialized.
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