Will Intel's Sandy Bridge pose a threat to discrete GPUs?

Intel's Sandy Bridge is apparently capable of outperforming all current integrated graphics platforms. But does the processor microarchitecture threaten low-end, discrete GPUs?

Intel: Sandy Bridge processors on target for 2010

Intel has confirmed that production of processors featuring its next-gen Hi-K 32 nanometer (nm) "Sandy Bridge" architecture will kick off in late 2010.