Yet he hints at the reason Intel isn't going away any time soon:

Intel lacks at multi-core performance and programs that make use of multi-core architecture run faster and better on AMD chips, and that's the problem Intel is facing. It's just a matter of time when developers will make use of higher core numbers, and distributing the workload across more cores will also reduce the power consumption of the CPU, which is essential for light and portable laptops.

It's "Just been a matter of time" for a decade now. Intel wisely understands that clock rates do in fact matter. Intel actually seems good to me from a "cheap and hated, but strong" point of view at the moment.