This is really sad. I bet they knew it was a bust which is why they delayed it for so long, attempting to fix the problems, but the problems are with the entire design and couldn't be fixed.
AMD just doesn't have the resources and lately doesn't have the same quality of management as Intel. They probably knew 1 year ago that this was not going to be a successful design, but I bet that they had put so much hope and R&D into Bulldozer that no one had the guts to kill off the entire design and start fresh. Management probably understood that scrapping the whole thing would put them...where they are now, hopelessly out of competition. Only they are a year behind where they would be if they had scrapped the entire Bulldozer design.
Basically AMD made the same mistake Intel did with Pentium 4, but Intel has the resources to bounce back. If you're optimistic, you'll hope that AMD realized early that Bulldozer is a dead end and has been working on a completely new design. Bulldozer, like Pentium 4, is just a stopgap until the new design can be put into production. But then why announce Piledriver? If this optimistic view sounds like fantasy, well it probably is. AMD execs are just too incompetent and afraid to admit what we all know, Bulldozer is DOA. When you've put all your hopes and resources into a project, it takes real guts and leadership to admit Bulldozer stinks and to order the research department to start fresh. I don't think AMD has that kind of quality management. It's over folks, at least for another 2 years, Intel should completely dominate whatever space they CHOOSE to. Yes, it's Intel's choice whether to put AMD out of business by pricing a better i3 at slightly lower prices than a similar Bulldozer, or go for profits and let AMD barely break even with their best CPU.