It'll probably look like this: buy a 'cheap' Intel CPU for $99 (say, 4P, 12E cores clocked at 2 GHz), with "Turbo" to 4.5 GHz being a $79/year subscription and "Extreme Turbo Max" to 5.1 GHz being an additional $35/year. First year free, of course, to get you hooked on the 'turbo' speeds.
Intel would be able to capture ~97% of those proceeds; instead of having to pay XX% to the distributor and retailer.
Would consumers revolt? Some might, but the masses will click 'Buy Now' with a $99 sticker price versus competitor offerings at $400; give it one financial year and AMD's board will force them to follow suit.