Is AMD dead yet?

TheProcess writes: Back in February 2003, IBM predicted that AMD would be dead in 5 years (original article here), with IBM and Intel being the only remaining players in the chip market. Well, 5 years have come and gone, and AMD is still alive. However, its finances and stock price have taken a serious beating over the last year. AMD was once a /. darling; the plucky, up-and-coming challenger to the Intel behemoth. Do you think AMD will be here in 5 years? Can they pose a credible competitive threat to Intel's dominance? Do they still have the superior, but unappreciated technology, or are they finally old hat? Can they really recover?