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This is equivalent to binning chips as they do anyway (lowering clocks/cache/features on the lower end). It's neccessary for market segmentation and has always been done.

If Intel sold all chips at the highest market segement they could perform at (bearing in mind almost all chips could do 3.5GHz fine), there would be nothing to sell below $100.

I see no issue as long as it's clear to the consumer what they're buying and why they didn't have it before.