The first step to the road to recovery is admitting you have a problem. Intel is not admitting anything, and until the end of 2006, it has a big problem. There are several factors, both technical and managerial that will make Intel relatively uncompetitive over the next two years in all areas apart from mobile parts.
Intel has officially confirmed to the INQUIRER that it won't ramp clock speeds at the expense of features. But the real question is why AMD can do both, and Intel can't.