Brazos APU launched and looking good. Bulldozer launches. Graphics looking very good. Huge number of notebook design wins. I think you might be pretty lonely on that opinion.
As a current AMD stockholder, I wish that was the case...
I think there are a few things I am concerned about, and honestly I do not think I am alone. AMD's graphics division is certainly strong, and Brazos is looking good, but AMD really doesn't have much to compete in the other markets it serves. You could argue that mainstream desktop CPUs and server CPUs are no longer important aspects of AMD's business, but I don't think either of us would agree with that.
On the client side, AMD is simply outclassed. When I purchased my 1055T last summer, the 1055T was easily beating out higher-priced i7's for the workloads I was performing. If I was buying this summer, a 2500K would've been the right choice. What is AMD going to do when Intel releases the Sandy Bridge i3s? I'm hoping Llano can breathe some life into AMD's lineup, particularly for OEMs, but if it ends up being clocked at something ridiculous like 3ghz, it is again going to be knocked around by Intel dual-cores. Sure, Llano's IGP will be in a class of its own, but unless we get some OpenCL killer apps, it isn't going to matter for most of the people in its target market. Bulldozer will be out in Q2, but that is still a ways off.
On the server side, Bulldozer looks like it is going to be a winner (Assuming IPC hasn't fallen and clock speed has increased, this should be the case) -- but its going to be out in Q3! Until that point of time you're relying on Magny-Cours. I wouldn't call Magny-Cours a bad product, but the margins on that thing can't be pretty.
AMD's product pipeline looks good, but unfortunately
at this moment the current product line just isn't that inspiring. Also disturbing is the absolute lack of a killer app for the APU. Hell, even Intel had QuickSync working out of the gate. Given Bobcat's 80 stream processors and dedicated decoders, I find it hard to believe something similar can't be implemented. Beating out an i7-920 in video-transcoding on a sub $500 dollar netbook would have been something really exciting. AMD has bragged Bobcat has 90GFLOPs of potential processing power, why isn't it put to good use?