Everything you said is correct. However this was not a unit to go head to head with GPU's for industrial purposes. This is a way of battle testing their paralle

Everything you said is correct. However this was not a unit to go head to head with GPU's for industrial purposes. This is a way of battle testing their parallel processing technology which is significantly different from GPGPU. On their web site you can see that today apparently you can buy a solution that can scale to 4K cores at 5.6 TFLOPS and 70 GFLOPS/W If thats true and if it turns out their programming model is better then GPGPU programming then they could disrupt the parallel processing space. However they need to actually ship something, and the more time they take doing that the better Intel gets with MIC and AMD get's with HSA and at that point they would lose any advantage their architecture might have.