My thoughts are that the Itanium 2 will be McKinley. With increased L2 cache and a die shrink. The chip will debut at 1Ghz. Wait a second. 1 Ghz isn't all that fast now and with the Opterons coming in the near future, Intel needs to have some serious horsepower to combat it. And Intel can't run 32-bit apps on their 64bit chips natively anyway (yet). It must be done in emulation. Expect Intel to cut the price of these chips as they will be cheaper to make (and rightfully so, they need it to compete).