I'm just waiting for the inevitable, where AMD overtakes intel again. It's like a 2 man relay race.
Bear in mind that the latter-day Pentium 4s (around the 3GHz mark, before and during prescott core) were a tactical disaster for Intel, and finally brought to an end the idea that the higher the GHz, the faster the processor. I think it needs Intel to make a mistake of that magnitude again for them to lose the performance crown a second time.
The only other factor that might make a difference is how Intel's anti-competitive behaviour against AMD has been brought to an end, for now. However, that end would have been to AMD's greatest advantage when the Athlon 64 was ruling the roost.
AMD buying ATi has proved to be an advantage for AMD since they started putting discrete graphics chipsets on-board, it helps them sell their wares as the value-for-money choice, but considering that the Intel Core 2 Quad still gives the best AMD has a run for their money, AMD has a lot of catching up to do.