(edited) nope he mentioned replace all architectures not projects, it really doesn't get more ExPlICit than that ;-). P7 was not mentioned. Some more context.
'The biggest point of this announcement is the fact that Intel is signalling that the x86 architecture they've been using for so long is running out of steam," said Gwennap. "This is the first time they've admitted that in public."
The Intel-HP tandem, he said, is going to make it very difficult for other companies to build processors that are compatible with the new are architecture "What do companies like AMD (Advanced Micro Devices) and Cyrix do? It's going to be tough for them to push the x86 architecture without Intel's backing."
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Give it up Paul, we all know it's what you believed too ! ;-)