Maybe. But they're not exactly going to be competition.
Nehalem EX is 4+ CPU Sockets, each likely starting to sell at $2.5k USD and above. AMDs chance of competing with it will be its MCM (Hypertransport, not FSB) Istanbul (Magny-Cours) products with quad channel buffered DDR3 support.
The MCM Istanbul is perhaps more interesting than Nehalem EX, mostly because it can be implemented in 2P configurations too, at the cheaper rate AMD is charging now (<1.5k USD). It's going against Gulftown at 2P configs.




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