Would the significant of Intel's current x86 bread and butter (core 2 duo line and descendants) being essentially a side project of their Israeli Labs, while th

Would the significant of Intel's current x86 bread and butter (core 2 duo line and descendants) being essentially a side project of their Israeli Labs, while their main design efforts, i.e. Itanium,etc, floundered a decade ago be an early harbinger of their demise?