32 cores @ 45nm , 600+ mm squared sounds about right. Power shouldnt be a problem, but it depends on how high they crank the Ghz.
Im hearing theyll be having trouble with getting the drivers to work in all games, meaning alot of the older games wont work so well.
Doing everything in SW may cost them in some games as well, and itll be interesting to see when their SW resolve wins, and when its alot of latency.
As for the libraries, eliminating DX etc, DX itself is moving away from a HW fixed scenario, so, by then (2011?) , the new DX may be totally library/SW dependent anyways, which coincides with the articles statements, tho, I wouldnt give the credit to Intel here