I suppose it's largely a matter of perspective. Where do I begin?
How about Itanium. The Itanium is very much like the dinosaurs at the end of the Cretaceous period 60M years ago. While they represented the pinnacle of evolution at the time, alas they were destined for oblivion. Big Iron has been around since the IBM360 days and has had a nice life, but it's also about to be replaced by smaller more social animals that can talk to each other at very high speeds. What that means is that the future will belong to groups of small processors tied together with something like HT and grouped together with very high-speed switches.
From that point of view all the money spent on the Itaniums in a vain attempt to secure a proprietary marketing system since the early 90's has been a waste. Further, given that the efforts expended restricted INTC efforts at creating a truly competitive product, the whole project has been nothing but a colossal diversion of manpower and money into the toilet. But this is nothing new, INTCs whole outlook is based on creating proprietary products that can be milked rather than giving the market what it needs. But then in order to provide what the market needs INTC would have to get its hands dirty and really fight it out with others. This idea is anathema to INTC, the last thing they ever want to do is what's best for the user. And certainly they don't want to get their hands dirty.
Then there's the P4. Another marvel of proprietary ingenuity, and just what INTC marketing had in mind. After all everyone knows MHz sells. Or at least it used to. Another dinosaur destined for annihilation in the fireball. This time though it was the fireball of its own making. This beast ran so hot it wouldn't run with existing form factors so a whole new infrastructure had to be created to contain the beast. But marketing was happy because it got a solution no one else wanted to copy.
Then there's the Nocona. Having failed to create products that the enlightened consumer was willing to buy INTC did a hack job and hurried to market a product it billed as AMD64 compatible. Trouble is that after a couple of months none of those beasts can be found. And to make things worse INTC apparently has now lost faith in the product claiming that it really isn't the way it wants to go with 64bits. Talk about split personalities.
Undoubtedly you look at things differently than I do, but from my point of view everything INTC has done lately has turned to crap, and I doubt that's going to change anytime soon.
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