It's coming late I know, but very good article Joel. I read article by Steve Scott form a link on Hacker News a while ago, and I found the point that has raised to be pretty reasonable without paying attention to the refrences and claims supposedly coming from intel. I feel quite ashamed that his strawman argument passed under my radar and without much effort either. His "magic compiler" argument got me possibly because of my own frustrartion with lots of people not understanding how compiling works and the axiomatic limitation of compilers.
I do believe that intel's MIC architecture is going to be more benefecial in the software development world for the reasons you've mentioned and the fact that Tesla is pretty much limited to crunching arrays of numbers which are useful in low level simulation of the universe but not in the high level abstract programming that software development increasingly require.
Again, great article. Sad it passed unnoticed here...
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