I'm with you up until the last sentence, where you veer off into fantasy land. When will the ARM competitor to a 4-core 3.7GHz Sandy Bridge arrive? :)
[edit, rather than needlessly extend a fanboi thread: the comparison with SB certainly is relevant to your statement "There's no way Intel will remain competitive - not even in performance", which was laughably wrong. Intel won't be losing the lead in performance any time this decade, I assure you.]
Look, this is all just fine. ARM has made some amazing progress in the last five years, and they are to be commended. But the cheerleading has gotten out of hand. Intel's death has been predicted so many times over the years that it's become a running gag in the industry. ARM Ltd. is just the latest competitor to show some spunk. Will they succeed where Motorola, MIPS, DEC, and AMD failed? ... Maybe! But I'm not putting a lot of money on it. And I'm certainly not changing my opinion based on a comparison between a brand new Pandaboard/GNexus and a so-old-it-smells-bad netbook.
[1] 68000, then R2000, then Alpha, then the K6/Athlon/Athlon64 -- every one of those designs was going to "kill Intel" according to "serious people in the Industry" -- check the Google groups archives for all the fun flame wars.