I wonder how many servers are currently CPU-bound? I've always been I/O bound (interchange that with memory-bound, depending on how much you would like to spend on memory).
http://www.channelregister.co.uk/2010/06/01/intel_knights_co...
Well, maybe. There are diminishing returns on increasing cache sizes (you solve the capacity misses but don't really deal with compulsory and conflict misses)...though it would be impressive an impressive feat of process technology. The closest to that amount at the moment I believe is IBM's Power 7, which has a 30MB on-die L3 implemented in eDRAM.
Did they say how many threads per core?
I suspect it will be like having 50 286s in the same box...