Intel was developing Larrabee in an attempt to fight IBM in the gaming console market with a single chip, single vendor graphics and CPU solution.
It would appear they have now failed to achieve a design win for the next generation consoles.
We were here a decade ago when Intel tried to launch Timna but failed to attract any market interest. More expensive than an AMD part and VIA chipset, mediocre performance and married to RDRAM.
Didn't know that was Intel's objective....
Boy the Cell chip has been out for quite awhile.