You're missing my main point. By the time the PowerVR cluster is released, the existing high-end desktop solutions will be even more powerful than they are now, and still bordering on an order of magnitude more than the PowerVR solution. It's not like AMD and NVIDIA are suddenly going to say "okay guys, this one is powerful enough, let's stop innovating and driving forward" so that PowerVR can catch up.
Edit: And yes, I can believe that their target market is the next-gen consoles, not the high-end desktop.