I do not know what the big deal is.
According to what I have read, Core for Core, SB will beat BD. That is even IF BD makes it out before Ivy Bridge is released.
Now if you take a 16 core BD and compare it to a 8 core SB, then sure, the BD chip will outperform the SB chip IF all cores are taken into account. (Again, according to speculatiuon)
Now the real question is what application(s) on the market today is going to saturate 16 cores? (Other than benchmarks and folding apps). Games sure as hell do not. Most productivity apps do not. And the few apps that do, also are making the move to GPU tech, so having a GTX480 will still boost performance even better.
Personally, I would rather have 8 higher performing cores than 16 lesser performing cores. At least until software catches up to the hardware. I am not even taking into account the wattage/heat difference.
Everyone thinks BD is going to be the next big thing and de-throne Intel. I do not think that is the case at all except on a few benchmark graphs.