<< Its real but its not x86-64 compatible, more like IA64 compatible. Plus it will be present in a generation prior to Prescott. Why would they wait a whole year? >>
That's not going to happen. Intel won't be bringing down IA64 to the masses for years, if ever.
In addition, the next core revision for the Pentium 4 is the Prescott (according to Intel), which is slated for a 2nd Half 2003 release. Therefore there is no "generation prior to Prescott."