with the 2Ghz K10 buggy part performing like a woodcrest at 2.33 Ghz, and keeping in mind K10 scales better both in terms of frequency and core count I would say your server speculation .. kind of... sucks...
For the desktop it looks like K10 has a good chance of equaling the IPC of c2, it depends on how much improvement will a low latency high bandwidth memory subsystem result in. But I don't think 5% are out of reach, K10 is 4 data hungry cores. That plus the "at least 5%" from fixing bugs should bring K10 very close to penryn IPC wise. Penryn will still clock higher but the gap will be nowhere near the one that is between c2 and K8.
K10 has very good chances of wiping the floor with intel in server, and be competitive on the desktop front, it all depends on how will amd execute their manufacturing, so shintai you can spare yourself the fanboi stuff

... you know what, I actually don't think you're an intel fanboy, you just want amd to fail badly. I bet you will get nightmares and eventually lost your sleep, and your mind if amd fight back the performance crown

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