Yes but don't Apple hate nVidia, after the debacle a few years back when nVidia chips were going wrong and they kept blaming Apple?
It makes me think Apple might wake up and make an offer for ARM now.
That said, they may not want the hassle of so doing, of course - it might never get approved under anti-trust laws, there would be licensing deals, Android slingers would be less willing to trust ARM if Apple owned them, etc.
Still, I fully intend to sit back, open some popcorn, and enjoy the show...