Aside: to unpack that, x86 is the best for running all the x86 software out there. It has by far the greatest range of software, which is why wintel sacrificed so much for back-compatibility.
If that catalog is at all usable in a phone form-factor, then it is valuable. Worst case: you dock to a monitor/keyboard most of the time. But who knows, with built-in projectors, and an eeePC size keyboard covering the entire phone, perhaps it is a goer.
The biggest problem is if the form-factor is totally unusable for desktop software, when there is no desktop. Personally, I think it would be awesome to run regular software on a tiny tiny phone. Awkward, but awesome.