I am going to guess this Dual CPU variant will be aiming at Intel Xeon E5 v2 Series. The 10 - 12 Core version cost from anywhere between $1200 - $2600. Although Google do get huge discount for buying directly from Intel and their volume.
Assuming the cost to made each 12 Core POWER8 to be $200, that is a potentially cost saving of $1000 per CPU, and $2000 per Server.
The last estimate were around 1 - 1.5 Million Servers at google in 2012 and 2M+ in 2013. May be they are approaching 3M in 2014/15. Even with most of those are low power CPU for storage or other needs. One million CPU made themselves could be savings of up to a billion.
Could this, kick start the server and Enterprise Industry to buy POWER8 CPU at much cheaper price? And Once there are enough momentum and software optimization ( JVM ) it could filter down to Web Hosting industry as well.
In the best case scenario, this means big trouble for Intel.