Do you take classes to act that obnoxious ? Can't imagine anyone could be naturally so. I'll bet the majority of people you encounter wish that a bullet would be shot into your brain so deep that your ancestors would feel it.
No you are not reading right as Intel never bothered to bid as it does not like low margin business. Also you are missing the bigger picture as what really happened was that PowerPC (the older generations) lost to x86 and Intel make the best x86 processors. The mystique of the console is over, anyone can see that it will now be no more than a lower medium range spec PC and can pick a better spec PC if they want a better gaming experience and a better spec usually means an Intel chip. Another benefit of consoles all going x86 is that PCs will get all the latest games as a side benefit. AMD will do the donkey work but Intel will benefit the most.