VR-Zone has learned about the Intel Discrete GPUs plans:

Intel's Visual Computing Group (VCG) gave an interesting overview of the discrete graphics plans this week. There seems to be a few interesting developments down the pipeline that could prove quite a challenge to NVIDIA and AMD in 2 years time. As already stated on their website, the group is focused on developing advanced products based on a many-core architecture targeting high-end client platforms initially. Their first flagship product for games and graphics intensive applications is likely to happen in late 2008-09 timeframe and the GPU is based on multi-core architecture. We heard there could be as many as 16 graphics cores packed into a single die. The performance? How about 16x performance of any fastest graphics card out there now [referring to G80] as claimed. Anyway it is hard to speculate who will lead by then as it will be DX10.1/11 era with NVIDIA G9x and ATi R7xx around.