And, it's official?

[Judy Perry]

Two major transitions for Mac: 68K to PowerPC. Next Mac OS 9 to Mac OS X.
Now time for third transition. Transition to Intel-based Macs. Developers
Now. Next year for users. "Because we want to make the best computers for
our customers." No G5 PowerBook yet. Future products can't be build on IBM
of PowerPC. Intel has performance and better performance per watt. Intel
delivers much better performance per watt. Starting next year the first
Macs with Intel processors. Shipping by next WWDC. Mostly complete by 2007
WWDC. Complete by the end of 2007. Two-year transition. [10:28 am]