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Well the real point is that multi threaded multi cores are going to be the norm so this will give Linux developers a chance to practice building some "embarassingly parallel" apps across large nos of real HW threads. Now its get more interesting if there is ever a MT MC x86 to play on. I'd like to see some of the EDA tools I use to do FPGA design get targed to these sorts of chips rather than see games.
The Pentium D EEs have hyperthreading. They call them the "Pentium Processor Extreme Edition" now or some such. It isn't actually clear if SMT will be the norm in the x86 market in the near future, since neither AMD nor Intel have said anything (?) about it.