Answer is pretty well no on all fronts. imo idea is fine, but like many things in AMD it'll only be successful in the marketing slides.
The thing RR needs to do to keep AMD around, and possibly even make them truly successful, is to get on the ball and take control of their markets.
NV didn't wait for people to have an infrastructure ready: they created it, and told customers why they needed it.
AMD has been behind on basically everything lately. A good example is workstation GPUs. As soon as developers started opting for D3D and GLSL, they should have seen the writing on the wall and had ECC ASAP. Instead, they let NV beat them to it. Yeah, they have it on a few, but that's a feather in the cap for AMD, compared to NV's headdress made of an half an eagle.
They got Fusion, sure, but Intel beat them to good integration by a couple generations, and NV already started selling mobile SoCs that can support desktop-derived software development tools.
They implemented CMT very well, saving them space and power, but with a core that is otherwise targeting the opposite of the direction the industry has been headed since ~2001, negating most of the benefits, even in the target server market.
More than anything, AMD needs to decide on a few futures, and make them, wholly, not merely going on with building the hardware and hoping devs and users will come. That method works, but only so long as Intel isn't pressed into making their big money on low ASP parts; a change I suspect will occur one of these years. It also prevents AMD from having many high-volume high-ASP parts.