He's actually pointing out that, technical considerations aside, there is a set of market conditions currently prevailing that looks unsustainable on its face,

He's actually pointing out that, technical considerations aside, there is a set of market conditions currently prevailing that looks unsustainable on its face, and at some point, like when pressure builds up along a fault line and then gives way, there will be a big shift. Fair enough. But why wouldn't the change be something like: Intel buys ailing server businesses cheap, keeps them going with even less margin than before, just to keep x86 flowing into the market? That would end the "unsustainable" situation but wouldn't really shake up the market much.