http://www.windowscentral.com/lenovo-silently-reduces-yoga-3-pro-lowers-price
Skylake-Y needs to meet BIG expectations. I would bet against it being a "fantastic" product. Maybe a "good" one.
The problem I believe lies in their process. Remember how they claimed 40% improvement for the 14nm over 22nm? It could be at levels which with 22nm runs at 500MHz. That's 700MHz at 14nm. But its absolutely useless at 1+ volts that Turbo frequencies run at.
Now it could be that their process range is such that any significant advantage they claim has been shifted from Y CPU levels to IoT CPUs like Quark running at 400MHz.
Perhaps 14nm Quark would be 40% faster than 22nm Quark. As for the rest? I said the ball is in Intel's court.