IDN if they're really dead in the water just yet - sure the current state of play isn't good - there's no denying that, but the Classic AMD comment? From my memory, Classic AMD moves were things like the K6 processors outclassing the P3's for a fraction of the price, then the 462 XP processors ourperforming the current P4s and finally the first Athlon 64's making what was left of the P4's go running crying for mummy.....
I'm a partial AMD Fanboy - or I used to be - actually I'm a performance fan lol - I had a K6-200, then a K-6 2 450, then a 1700XP and one of the 754 64 3000's - my current machine is an intel Q6700, and an intel 2600k system is very much in the works....
The only time they've really done the too-little-too-late thing I can recall was the failure of the Phenom to really compete with the i7.... or am I wrong here with my recollections?