The Inq reporter Nebojsa Novakovic writes AMD looks to make a full comeback in 2011, the company first attacked GPUs, APUs will follow soon and CPUs will follow later. You can read his coverage of AMD's Technical Forum & Exhibition (TFE) over here.
First of all, the level of energy and confidence among the AMD team was higher than in the past five years at least, as far as memory serves. It wasn't just about the new CPU cores coming out finally after a long hiatus. In the end, that costly and at times painful ATI acquisition did bear fruit. Not only did the GPUs save AMD as a going concern at the time when its CPUs were all but lost, but the first results of the Fusion strategy were out for all to see.
Not only do low-end Ontario and Zacate CPU-GPU - sorry, APU - combinations run well, but so does the higher end quad core Llano desktop part, which is essentially a Fusion part using an improved Quad core 32nm process Phenom with an HD5500-class GPU on-chip. According to unnamed AMD staff there, the latter can overclock quite well too..