The thing with high tech is that you always end up using scissors - David Hockney
Intel announced this marriage of convenience last week and we already elaborated about the possible use of this marchitecture here.
Intel and Imagination Technologies are clear. This is where they going to use it. We don't know if Intel plans to make a discrete chip powered with PowerVR SGX programmable Shaders or whether it will simply be a part of the chipset. I would bet on the chipset part, once you get the UMPC with SGX chipset graphic, fully Vista capable. Of course it will be a matter of time till you see the same stuff on desktop and laptop PCs.
Some of the UMPCs are already shipping but we believe that the second generation will have this cool programmable graphics, not the current one, as this one already uses old Intel graphic marchitecture. Take a look at the devices here. µ