I agree @Joerg
Indeed intel has upped its game considerably in the last 2 years, and while many devices run on the ARM processor, most of these devices are very limited in their functionality. Intel is moving into new markets, as is ARM, they are wanting to be involved in more than just phones and pocket pc's and no doubt they will be excellent. It is an excellent idea to deliver the x86 instruction set to small devices, and it will give manufacturers the power to offer people various operating systems on their product instead of one customised one. How hard is it to replace the operating system on your smart device? It is this flexibility that will really appeal to developers and other computer enthusiasts, and it will drive innovation in this market in a way we haven't seen before. Plug and Play on your phone. The ability to port programs directly from the desktop. PROPER browsers. Soudns great.
I can't wait for the first x86 phone/UMPC, cos I will be queing up to buy one.