Well, so YOU seem to be expecting something disastrous, just not AS disastrous as phenom I (i guess the first TLB bug version, B3 was not that much worse than Q6xxx)

And by "people" i think you mean intel fanboys, because normal people have pretty high expectations of bulldozer, its such a radical departure, first brand new architecture from AMD for years, and all that on brand new (for AMD) process.
Going further in your post.Such a small company like AMD with the resources thay have, had surpassed intel before, so its not like ypu present it ,like its impossible ;-).
NOBODY expects it to beat/match ivybridge clock for clock or core for core.
Ivybridge is a year away, and on a new process, which wont be available for AMD at the same time.And more importantly, definition and inner workings of amd`s "core" and intels core are such radically different for bulldozer that you cant make comparisons like that.Whats going to be important is performance per $,and/or absolute performance.
At this time, it seems first BD is going to be competing with 4 core sandybridge.With 8 cores and big turbo, it seems like it has a chance.
As for intels confidence, they were confident of a netburst architecture with rambus memory.And where it got them ?
EDIT:
And by the way, isnt ivybridge just a shrink? Shrink doesnt bring big or huge IPC gains, mainly minor ones.
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