I don't really know.
They will probably have to stick with the direction they have, with incremental improvements to x86, more Fusion APUs, and praying they get a process update every 2-3 years.
If they manage to trim down their costs to fit into a niche as a 2nd-tier value alternative, they could persist for a while since they no longer worry about funding process development.
I think that's a driving impetus for much of what they've done so far, from the adoption of ASIC-type design flows and going fabless. BD is a philosophy with an eye to answering the question "how do we design a CPU when we're pretty sure we won't be too good at building/paying for it?"
The pipeline was lengthened to reduce complexity per stage, its threading model reduces validation effort, it has features meant to make it more tolerant of process variation (not unique to them, but probably more critical than ever), it has a nortbridge and L3 arrangement that iterates what was done before, and it has created a slim core that will hopefully not lose too much performance on a weaker process.
That maybe sort of worked.