i think it's neither. cd is expressing a view which says that new server architectures won't be succesful in the long term, they will disappear or will be relegated to extreme niches by the encroaching x86 systems. current facts are not very important in this context. this of course is my personal opinion and not speaking for cd.
I know that YOU already realize that IPF is doomed, but I think it's important that anyone thinking of wasting corporate $$$ on an IPF system be alerted to the fact in time to avoid the mistake.