Paul Otellini just showed off "the world's first working 32nm device" - a wafer containing test memory circuits, 291 megabit RAM chips with 1.9 billion transistor per die. Expect 32 nm parts in 2009.
And Penryn, the 45nm processor, will be launched on November 12th, in server and high-end desktop parts. Then another fifteen to twenty products at the beginning of next year for mobile, etc. 750 design wins - wafers moving through the fab already.
What's next? Nehalem. New architecture on 45nm. Very dynamic design - very modular. Core, cache, IO and power envelopes can be changed much more easily to match developer needs. Will be able to configure real-time needs of the system as a developer, too, enabling and disabling threads, cores, power states and so on.
There'll be an eight core product, each core with two threads: sixteen threads per device. On track for 2H08. The design is complete - it was finished a month ago (here, Otellini holds up a wafer)
Nehalem has a new interconnect cum memoruy controller called QuickPath, which has very low latency for memory, scaleable bandwidth, and symmetrical multithreading.
And it's already booted OS X.