I think you're right, but I also think that the definition of "gaming PC" is growing fast. That's thanks to browser based games and things like the Sims, and also the big jump in integrated graphics. The fastest Llano models are console beaters, and even the better i5 integrated stuff will let you enjoy a pretty good game Portal 2.
Llano would be be a game changer if AMD could make the damn thing, and Ivy Bridge graphics should be approaching console level and will be force fed to almost everyone. Combined with the gaming push that MS are expected to make with Windows 8, I think (hope) that the idea of a "gaming PC" as something with a discrete graphics card will be changed permanently!
The fastest Llano doesn't have the memory bandwidth (within reason) to be a console beater, when today's current games are not as well optimized as they could be. What is remarkable is that lower end Llano and even Sandy Bridge (or better yet, Ivy Bridge) at least get the most mainstream and possibly disinterested in PC gaming computer users in the door it they really want to delve into the possibility of playing games on their laptop or what not. That gentlemen, is very significant. It's only too bad that it's taken this long for IGPs to reach this level. If very fast APUs really take off and the demand for more graphics horsepower becomes significant, we might see the mainstream implementation of triple or quad channel memory set ups. 2 64 bit channels, even at 32+ GB/s with DDR3-2xxx are not enough, so either a new RAM solution, faster speeds, or more channels will become necessary. Even at the expense of power consumption, it may be necessary for higher end laptops to do this if the full capabilities of the APU are to be realized. You just can't add in a graphics card with a laptop.
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