I think Intel has some awesome new x86 technology that is almost there but it still has to execute to completion. I like what I have seen with Yonah so far but that is still no guarantee that NGA will have a smooth roll out.
As far as INTC and AMD share price goes, AMD is still the ANALysts's golden haired boy. They know market share but IMO deep down they don't know an instruction pipeline from an oil pipeline. I don't think the current spell will be truly broken until some third party data shows AMD giving up market share to Intel and maybe even having a losing quarter or two to remind them of the bad old days.