A friend of a friend who worked at Intel, at the time, told me that the Pentium 4 was architected & fully expected to reach 10 GHz, by the end of that CPU generation. Intel woefully mis-predicted advances in semiconductor manufacturing technology.That's pretty much what Intel did when it transitioned from P3 to P4 where the 1-1.3GHz Coppermine and Tualatin P3 continued winning benchmarks the 1.6-2.4GHz Willamette P4 until 2.4+GHz Northwood finally pulled away under all circumstances.
I doubt it was this simple, but I'm reminded of this example, whenever it sounds like someone is predicting the future by simply extrapolating existing trends.
Anyway, the main point is it's a cautionary tale about pursuing clock speed above all else. The fastest the P4 ever got was on the doorstep of 4 GHz. That was in like 2005, and it wouldn't be until almost 10 years later that the i7-4790K eventually seized the 4 GHz crown, and with a much lower TDP and way higher IPC and double the width of P4's SIMD (actually at least 4x, since the P4 had to break every 128-bit SSE operand into two 64-bit words, for processing).