Barton will just be an extention of Palimino, but with double the cache, and possibly, but not initially, a bus increase to 166x2. Barton and thoroughbred have been chronically delayed because of some problems Motorola was having (at least, that's the way I remember it), so AMD broke off with them. Originally, Barton was to have SOI (silicon on chip) licensed from IBM which accounts for some of Clawhammers superiority.
As far as first gen hammers are concerned, you probably won't use the 64 bit, because by the time a useful app comes out, processors will be far more powerful and it would be "silly" to use the "slow" processor instead of a new one. Remember MMX? It was supposed to be such a big deal, but by the time MMX optimized programs started to crop up, who was going to use their 166 pentium MMX to run them while 500 mhz Celeron were already out?
So all that matters for now is the 32 bit performance vs price. None of us knows how much a hammer platform will cost. AMD says that pricing will be competitive, but competitive with other 64 bit servers, not necessarily with standard fare desktops.
If the price is reasonable, it's a no-brainer to go with the hammer if you need a new system, but if you already have a capable system, you might as well wait for dual CPU hammers which will be "necessary" for MS's (if you buy it) next OS (Longhorn, I believe it's called which is 3D textured and multithreaded).
I'm still using win 98SE since I haven't come across a convincing enough argument for why I should upgrade to XP.
The hammer architecture is elegant, even though it is an extenstion of the messy X86 code. Hammer has more to offer than just the 64 bit that people are always fixated on. But will it be selling retail in the 4rth quarter? I wouldn't hold my breath for that. For anyone who has been following AMD roadmaps for the past few years, you'll remember that the hammer was first expected to enter the market in 2001.
The longer AMD waits, the more necessary the hammer becomes. However, 64 bit on desktops is a far cry from necessary for now and for the next few years.
Well, that's just my 2 cents.