Ultrabooks are really gonna pose problems for Tablets, and even for Apple Tablets, in my opinion. Laptops are absolutely not gonna die as long as they get better. The only two gripes people ever have about Laptops are battery life and weight. Ultrabook solves both of those, and I believe the Ultrabooks in late 2012 or early 2013 will have Touchscreen if you want it, so that covers everything. Once Ultrabooks are all over the T.V. in commercials, Tablets are gonna take a major major hit.
And Intel doesn't care whether the i3s, i5s or i7s go into Ultrabooks, laptops or desktops. The revenue stream for them is the same.
The analysts and Wall Street forget that it's not about PCs or Ultrabooks. It's about total processor sales.
That's why Wall Street can't figure out how Intel keeps growing revenues and profits when netbook sales have declined by 30 percent. The slack is always being taken up in other places. Overall total processor sales just keep growing.
Maybe after Intel doubles profits again in two more years, Wall Street will figure it out...