Come to think of it, already PileDriver seems to be taking a different turn to BD, for the better.
How? It isnt being hyped up as an FX performance part, unlike BD. That was one of AMD's biggest mistakes with BD I think - hyping it up and trying to sell it to us, the gamers. Had they marketed it differently, sure I still think it would have been disappointing, but not as disappointing. The fact that they are not hyping it up does lead me to believe its not going to blow Intel away though. I imagine power consumption will improve, overclocking headroom +10% or so, and IPC increase of 5% average. If that. IPC increase will hardly be noticeable I think.
If they can get the cost low enough, it wont be a bad CPU, but will never compete with Intel's finest.
EDIT: Perhaps what it may do, if AMD is lucky, is give Intel a run for their money in the server market. That may even be a bigger win for them.