while I would very much welcome such a product as its multithread performance would be pretty good and it would likely continue with AMD's aggressive pricing (as long as such a part were under $400, say $300-350, I'd have one), there's still a couple things you are kind of running wild with:
1. TDP on such a part would be very high before going to 4.5GHz
2. it still wouldn't be able to fully compete with a 130W TDP 6 core Ivy-E let alone an 8 core Haswell-E (the 4 module 8350 doesn't "cream" the 4 core i7s in any benchmark let alone a lot of them, there's no way a 6 module part would "cream" the 6 core i7s), although such a part might encourage Intel to ramp up their Haswell-E release timetable and/or release a consumer 8 core Ivy-E
3. there's nothing "smart" about a TDP arms race, its a move mostly out of desperation, as Intel could easily follow suit and put out a higher TDP part and blow away any such hypothetical AMD part. Or just simply lower prices.