I really hope they will, it is more than time.In the first round there won't be GDDR5 version.
Windows be it 7 or 8 is no longer a memory hog, 4GB of GDDR5 would be fine.
(I think) They could take a lot of market shares in the emergent market and the low-end EU/NA market (core gamers playing casually, mmo/rts players).
They have to market it properly and price it nicely but it could be a great entry level product on a micro ATX with simplistic mobo (cutting on unnecessary features anyway the memory and APu would be soldered on the mobo.. we don't speak of an upgradeable product).
Ultimately I really hope they find a workaround to the severe bandwidth constrains faced by APUs.
I really wonder to which extend they could mimic Intel Crystal Web. Intel claimed that they would have been ok with only 32MB of cache. I would think that manufacturing 32MB of eDRAM on a 40nm would be that costly especially if AMD plans around that move moving toward 20 nm process.
Looking at the die size of trinity/richland they have a ~50/50 split in CPU and GPU. they won't push more than 4 cores, they could increase the CU count to say 12.
They would end with a significantly tinier chip, though cheaper to produce, with higher yields, etc.
May that could be enough to cover the cost of buying the eDRAM chip? 32MB should not be that big @ 40nm even less if eDRAM get available in the mean time on 23/32 nm process.
Then there are timeline and engineering power /how spread human resources are at AMD
Anyway they have to do something Intel is getting too threatening in the graphic fronts.