YouTube-Video from AMD, furtherer explainations on Planet3DNow or over at Anandtech.
This is what AMD did over the last years, while Intel was busy with Nehalem. They'll be available in Q4 2010, starting with "Interlagos" server processors with 16 cores, achieving 50% more power than 12-Core Opterons today. But the real question is A) How do they compare to SandyBridge and B) Can I finally have AMD processors now, Apple?