Actually, I came here to query... What would an all Intel console look like? Or maybe intel+ATI GPU. Would it have a Xeon? Nehalem? Larrabee? Or for AMD's side, you have Fusion and whatever r800/900/infinity. A strictly P/C based console!
Given the console low power requirement and if Intel manage to offer MS a deal they're not scared off.
I would dream of @ 32nm :
Two chips including both atom cores and larrabee (2?)cores say in a 1/4 1/5 proportion maybe a L3 cache would help perf (at the cost of less logic)
Real fast communication between the two chips.
Nice bandwith to UMA RAM
Maybe a tiny Intel SSD
A tiny HDD(by the system would come tiny could be huge by actual standard) real slow and cheap.