But, so what? AMD will likely get the design wins of all three next generation consoles: Microsoft's (MSFT) next Xbox, Sony's (SNE) Playstation 4 and Nintendo's underwhelming Wii-U.
Console sales are nearly as uninspiring at this point as PC sales are. These will be nice wins for AMD but they won't save the company. One could make the argument that the margins on those chips are so small that Intel couldn't really be bothered to challenge seriously for them, whereas AMD needs all the revenue it can get. They will keep the lights on and people fed but not much more.