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The hardware itself consists of two dual core CPUs and four GPUs, hence the 4X4 moniker. AMD said there is not going to be just one 4X4, there will be a range of 4X4s, including at least two with a price under $1,000. It will also be branded FX in one way or another.
This is in stark contrast to the current FX line, or at least the current FX chip. These are only sold in the highest speed bin, and there is only one at a time. With the 4X4 line, it will be physically different, so there will be no pesky "an FX-57 is different from a straight A64, how?" questions, it is different.