I think this leaves plenty of room for change. Although I'll miss seeing the ATi logo, I think we all realize that this is really going to boil down to three major competitors in the CPU/GPU market: Intel, AMD, and nVidia, because no doubt nVidia will enter sooner or later to offer its own edge. The way I see it, when AMD bought out ATi, it was a brilliant move to enter into the world of CPU/GPU competition, opening up for two markets, and now nVidia is on its way. Intel is still powerful as a name, but I think if nVidia steps up to the plate, and with Intel's lack of GPU research, gamers and graphics enthusiasts will lean to the companies that provided the aesthetic appeal of computers.
I'll miss ya ATi, tell Voodoo to stay put.