Apple has announced the iPad, in case you hadn't noticed.  The biggest "WHAT" I had was the announcing of the A4 chip.  Apple has most likely taken the technology they acquired in their purchase of PA Semiconductors and produced their own chips.   Does this mean that the future of the iPhone may be Power-PC as well?

While it's likely that the computers (desktop/laptops) will remain on Intel chips, as running Windows on a Mac is partially what has driven the Mac sales, what about other projects?  Is Apple completing the circle and moving back to Power PC chips for non-computer devices?  Has the student become the master and soon Apple's chips will be competing against IBM's?  Most likely not.  But with Apple building their own chips, it could mean we start seeing other devices that can do things that used to be impossible.