Brand loyalty gets you nowhere.:P
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right now intel with I7 and soon coming out with octacore in early 2010 so i would say AMD is behind 1 yr
Low and middle market AMD is cheaper than Intel for relatively the same performance.
If bragging rights, and a few more points on benchmarks are what you're after - burn that cash and go with intel.
If you are value conscious, and focused on real world performance instead of benchmarks - go with AMD.
For my needs, and tight budget I went AMD and used the money I saved to buy a top of the line graphics card.
My system does just fine. Super fast, able to game with top setting on anything out there.
IT's also important to realize, it doesn't matter what you buy. Six months, it'll be obsolete anyways.
That's why you should buy good overclocking parts :) That way you can go much longer wihtout feeling so behind. I pushed my Quad Q9550 from 2.83Ghz to 4.11Ghz, all I had to buy was a good CPU Heatsink and a nice board for overclocking.
I'm way up there right now in performance with this CPU. The same goes for the video card if you are a gamer. Get the best video card you can afford. This part is one of the most important parts for gamers and then overclock as high as you can go.
intel
Although X2 used to be the big thing - core 2 duo and i7 have basically wiped it off the map performance wise. I'm on an AMD though, lower end can have some great buys.