There's no way it's actually shipping with that name, right?
Intel did make a smartwatch for a while, but I don't think it had a Core Due chipset!
I am not a trademark lawyer and I haven't even looked this up but if Apple made a "The Beatles Laptop" then I would hope that defence doesn't apply.
That went back to the Apple IIɢꜱ. https://en.wikipedia.org/wiki/Sosumi
They'll be cheeky, the big dinosaur corporate will come out swinging and look bad like they always do, and they'll get a load of press in the tech websites which is their target market.
The bad press comes when it feels unfair for the big company to try and pursue action but in this case it would seem that Intel would be perfectly justified...