And I don't see IBM going PPC in favor over POWER...
Power = ppc. There's no difference anymore since Power ISA 2.03 and ppc is the outdated name. I prefer to use it out of tradition. Nitpickingly you are right, ppc is dead. But power isn't. Neither at ibm, nor at Freescale. Freescale are using both name schemes, PowerPC and Power. I think they do it because of tradition like I am doing it.
Quote from wikipedia:
The PowerPC specification is now handled by Power.org where IBM, Freescale, and AMCC are members. PowerPC, Cell and POWER processors are now jointly marketed as the Power Architecture. Power.org released a unified ISA, combining POWER and PowerPC ISAs into the new Power ISA v.2.03 specification and a new reference platform for servers called PAPR (Power Architecture Platform Reference).