I don't personally mind it, i5 would get more focus so we'd get better motherboards and support for it. Looks like i5 and i7 are too close to each other performance wise and Intel want X58 to remain the highend/enthusiast (so it cuts down the "slow" CPUs) and seeing how it would stale the i7 sales pretty much as Intel doesn't probably want to offer i5 much cheaper (preferable same) as i7 lineup.
It's a logical choise but I honestly expect 950 to remain in the market too... Cutting almost the entire lineup like that is not a good way to make friends with mobo manufacturers.If it's really true then we can see a lot more focus on P55 motherboards from now on and less on X58.
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