It simply depends on what you want to do with it. Seen from the surface, for general purpose processing, the OOO X86 cores will probably win. For specifics like gaming, a bunch of specialized cores could run rings around it.
If you only look at the basic X86 and PPC cores, the X86 probably wins if the playing field stays the same. If you also look at things like Cell, it simply depends on the application, development tools and developers.
For games, Cell wins hands-down, if they get the development tools and developer support right. Otherwise, X86 will likely stay king of the hill, closely followed by things like Xenon.
For servers, things like the Sun Niangara processor are likely on par with something like Cell, depending on the application.
And if you only want to compare PPC with X86 in a level playing field, the first wins when you have many independent threads/processes for the same transistor budget, the latter probably wins in all other cases. So, the PPC can only win if the development commitment stays high, and they get some major mass-producing and developer interest, like being used in the current and next generation of major game consoles.
Looking at the (current) evolution of development platforms, using a virtual machine seems to be the only route left. Even for C++ and games, you need that common platform and library to be able to make your game cross-platform, and the penalty in execution speed is shrinking fast and already almost neglectible in most cases.
Not that there is any generic (office) application left that demands programming down to the metal. Not even games. Not even for the speed, if you really wanted to. Middleware would be a much better investment, which brings you back to the common platform.
The only things that are machine specific should (and will) be handled by the OS and middleware or virtual machine as far as developers are concerned. If not now, then next generation for sure.
So, there is no real reason why your next PC couldn't be powered by a PPC or Cell processor. You might have the choice to choose and pick whatever you fancy. And running benchmarks would be very interesting, to say the least.
In the end, it's an interesting race. We'll have to see. There is no clear winner at the moment.