no, that's not true.
What you will get is a competitively priced CPU that will be better than Intel at some some, while worse at other things. It may be a little cheaper for the power you get, as AMD doesn't have quite the reputation as Intel.
As for the upcoming BD chip from AMD. I suspect multithreaded apps it will be better, while single threaded it will be worse (for your money anyway). Will you notice.... nah, I doubt it.
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