Nah, on an Intel process it would just suck less. Piledriver would be okay-ish.
In technical terms, Intel has never had gloves on, they just screwed up with NetBurst, but their execution has been pretty much flawless ever since.
However, the real gloves are actually still on, in the form of high prices. Intel could, if they wanted to, slash the prices of all products close to AMD's price range by 30% and basically smother AMD to death. But they would make less money, so anti-trust problems aside, they prefer not to.
Well speaking of gloves, isn't Intel selling "updates" that allow overclocking of some of their CPUs?
I may be wrong but I also believe that on core i3 the turbo is disable for no reason. Then there is the clock speed, conservative.
Overall, the competition being what it is, I wonder if Intel is not purposefully crippling its CPUs, for the sake of generating demand for the higher end products. For example Intel sells more core i5 than core i7, I would bet a lot more, does the fact that hyper threading is disable reflect yields or is in fact an artificial constrain to allow them to sell their higher margin core i7?
I would bet on the later.
I think it is the same with Pentium, they are artificially cripple core i3 (and yields have to be really good on that one...), it is better for Intel to cripple CPU than to fight with them-selves (by removing intensive for consumer to go with higher end parts).
They can do that because the competition is so weak it almost no longer put any pressure on them. If we were in the K8 era, core i3 would be clocked faster, with turbo and they could be overclocked from scratch. I think that there would be more difference between core i5 and core i7.
Intel is not selling "salvage parts" (say a tri core) I suspect htey yields are really high, the removal of SMT is artificial for me and the reason is to create demand for higher margin chips (in the context of a too weak competition).
AMD is no longer pressuring Intel, sadly, If they were to go down in the GPU realm I would expect Nividia to adopt the same practices as Intel. Not that they would no longer fight for our money but they would create artificial segmentation to rip money out of our pockets.