This is just an example of Intel imposing its superior manufacturing on AMD, and AMD being forced to runt off.
Before this, despite inferior CPU performance, AMD could at least boast their iGPU was better, and CPUs were fast enough. But, now, AMD simply can't compete. Intel is using lithography that is so much finer then the 32nm that AMD is using, transistors are cheap for them, and for AMD to match the performance, the processor die would be too big. With all that fab space underutilized, Intel had to find something to do with it, and AMD is suffering badly from the consequences, while GloBlows pounds sand for oil.
With the terrible beating AMD has suffered in market share already for their mainstream processors, this might lower it even further, putting them in negative market share (they not only don't sell processors, but they find themselves obligated to buy them from Intel, due to some weird Apple-Hippie vibe Steve Jobs' ghost is putting out).
It might make more sense for AMD to just get out of the mainstream market with their inferior designs, and just stop the losses there. BD/PD just can't do it. Maybe take one more stab with Steamroller, and then just give up if it continues to lag so badly. When you're in 2013, and you can't match the per thread performance of a 2006 Intel chip, you're clearly not competitive.
Spend the resources on Jaguar, which is very good, and will be wildly successful like Bobcat, and new ARM processors, and discontinue failed lines of hardware that simply don't measure up. Just like Intel did with Pentium 4. It was a bad product, so they went with their other line, and added the stuff that worked well in it. It's time for AMD to accept runthood with a smile, and stop deluding themselves to think they can really compete with Intel in performance. On anything.