FUD Zilla reports Intel is working on the Core i7 2657M, a sub-17W Ultra Low Voltage processor expected to be released in Q2 2011.
This new CPU is a dual-core and it has four thread support and a base frequency of 1.6 GHz. Of course, it supports Turbo overclocking but at this time we do not know what are the maximum possible clocks. We expect it to go over 2.5GHz.
It does come with 4MB of cache and will sell for $317when it launches in Q2 2011. Note however that this price is valid only if you buy 1000 or more units.