I'm sorry sir, but I disagree with you.
I'm typing this reply on Asus Transformer TF701T, and I've checked Bay Trail. If this is Intel's answer, then they better get back to the drawing board, yesterday!
This tablet has 2560x1600 resolution and from my experience the battery holds for 14 hours (it got 2 of them). On many occasions I use it without keyboard and I get around 5.5 hours of battery, try that with Bay Trail (without dimming the screen to an unreadable condition!).
Performance: look at this link (http://www.engadget.com/2013/10/08/intel-bay-trail-benchmarks/) - nVidia's Tegra 4 beats it on almost any test. Try 3D Mark for tablets/smartphones and you'll see that both Tegra 4 and Qualcomm's Snapdragon 800 beats it by a very wide margin.
Tegra 4 is more of an "evolution" of Tegra 4 and nVidia is changing it in the upcoming chip, the Tegra K1, and according to early benchmarks (http://www.extremetech.com/computing/174592-tegra-k1-benchmarks-show-better-cpu-and-gpu-performance-than-snapdragon-800-and-apple-a7) it beats every mobile processor available today including Apple's A7, and what Intel is doing? still working on the garbage Atom processor and improving it. Someone should tell intel that they need to bring the big guns and also do something about the battery. The upcoming tablets will be using QHD & up resolution (wait till next year when you'll see LG shows 4K resolution tablets, they already have prototypes) - Atom has issues with those resolutions.
The competition this time is different. Yes, Intel got the fab technology 2 generations ahead of the competition, but it doesn't matter much! with the current technology the competition is beating Intel and the gap will only wide. Intel cannot stick some i5 because it will kill the battery. They'll have to come up with something different.