I think AMD will survive on the basic standpoint that their CPUs are being used in more budget preconfig PCs than Intel.
You do pay a premium for the "Intel Inside" and for most users who are simply looking for the most functionality for the lowest price, there isn't going to be significant difference in terms of practical use. Especially not when most of those PCs are only being used for general purpose computing.
The only thing that may change this in the future, is the integration of the GPU and CPU into one unit, but that's even further down the road and really doesn't effect anyone buying a PC over the next few years.
The only thing AMD really has to worry about is maintaining a relatively clean balance sheet; it has little to do with the viability of their chips.
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