Ah, but someone named "Linley" at Microprocessor Report thinks different.
They claim that Merced could be even later because of serious design
process problems, and that Intel is already quietly backpeddling and
saying that maybe Merced may be a turkey, but the second version
they're working on (McKinley) will be just dandy.
I don't know if it's true or not, but it's interesting. You might want
to check out the Slashdot commentary, it's as useful as it usually is: