Intel Tanglewood to Consist of Sixteen CPU Cores?

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Just spotted this byte of news at Xbitlabs.com.

Those of you who constantly read news concerning present and future Intel Itanium processors already know that code-named Montecito design scheduled to come in 2005 will have 2 cores. But was not known until now is that the follower of the Montecito presently known as Tanglewood will have as many as 16 cores, News.com reported quoting a source close to Intel Corp.!