this is good news to us the consumer
but bad for the AMD shareholders
and ther divided 
but do i care ?
NO

"Phenoms will soon come in cereal boxes."

SWEET!!! Phenoms are actually coming soon! I don't know if I can believe it, but that would be cool.

The question is, will it or will it not OC like the legendary Celeron 300A?

If it does, I expect a huge change in tone somewhere down the line

For instance, the E1400 at $53 (2.0 GHz, 512 KB cache) will perform similar to the E2160 at $84 (1.8 GHz, 1 MB cache).

With AMD out of the equation, Intel will increasingly compete against itself.

Well this news may or may not get you excited. But If AMD has only the low end market as Intel has the rest of the market covered. This news is not good for AMD . 

Phenoms will soon come in cereal boxes.

Oooh, the excitement mounts... ----- yeah i bet ! you guys have such a way with words :)