Well, if AM2 doesn't work out, I'll probally still remain with AMD for my gaming machines simply because I prefer AMD for gaming purposes. I'm an AMD fan myself, but I have used Intel before and Intel has in fact gained some wonderful accomplishments themselves (Conroe certainly being one).
Hopefully, in the time they have left before their release, they will make new accomplishments in technology at least coming even with the Conroe, if not exceeding it in some way.
The fact is that we need to focus on improving, and in the process we may go backwards (mistakes happen), but after doing so, we'll make strong struts forwards in the right path.