AMD landed in the shit where?
Fusion was supposed to arrive on 45nm but got pushed back to 32nm, then even on 32 nm should have been out before Bobcat but got delayed till summer, and yields are still poor now and AMD can't make enough. Bulldozer was supposed to be out in 1945 on 20 cm glass valves but got pushed back to 32nm, yields are really bad and clocks are struggling. Consumer Bulldozer products are pushed back month after month after month after month after month.
They pushed all their promising technologies like Fusion and Bulldozer back so they could compete with Intel best by using the same process (Global Foundries "closing the gap") and ended up with nothing to sell except k10. Even when Intel messed up with Sandybridge sata AMD had nothing but blanks to fire back with.
I don't think a console vendor should bet the farm on a new process that's supposed to be appearing several years down the line. Nintendo are launching on 45 nm next year and that's got to say something about the importance of predictability and the guarantee of actually having a product to sell come launch day.
Who the hell would want to bet on Global Foundries 22 nm process for a console launching in 2013?