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I think the same article posted by the OP also stated that IBM would be carrying over Cell like features into a more "GPU" like architecture. Now that is quite interesting.

 

Let me be more specific:

 

"Pulling out of the development of the Cell processor doesn't mean the end, as Mr. Turek explained, as features of the Cell will continue to be integrated into other processor designs. Without any specific mention of an upcoming model, the company has mentioned that it plans on developing a hybrid technology, which will incorporate both graphics and processing power on a single chip. This is a direction that has been set by NVIDIA, and the launch of its much-anticipated Fermi-based graphics cards."

 

http://games.techwhack.com/2450-ibm-cell