The exception might be if the uber-fast solution enables a fundamentally different approach to computing than nominally available. Maybe Oracle isn't planning so much on selling these solutions to end-users, as they are in building out a giant server cluster that they lease out a-la other so-called "cloud" computing solutions. I.e. they don't sell you sparc+oracle, they sell hosted ERP, etc. Building the servers themselves, they may be able to argue their infrastructure costs are lower than for vendors like Amazon who have to buy their servers from others.
Still, while that might buy them a little time, there's nothing preventing the creation of open hosted services. Vendor lock-in is vendor lock-in, cloud or not.
In the above situation, there's no hardware lock-in, just to the API for that cloud. For example, assume Java and Oracle for the db. Where's the lock-in, exactly? Strictly to the db, it's not prohibitive to go with Java + mySql (or whatever) if you decide it's not worth it.
Notably, google app engine, which does something like the above, has its oddities, but they're relatively minor. If Oracle believes a vertical monopoly will yield greater profits for them, and greater savings for their customers, then more power to them.
I'm not so convinced it would work out, just because of hardware commoditization, but I'd be interested to at least see the attempt.