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There is an article about Intel's plans for the future CPUs, which will get to the Terahertz level with the same power comsumption as the actual cpus. Check out:
http://techupdate.zdnet.com/techupdate/stories/main/0,14179,5099908,00.html
http://techupdate.zdnet.com/techupdate/stories/main/0,14179,5099908,00.html