Intel is fed up with Microsoft. Microsoft has no innovation that drives what Intel must have, which is a use for more processing power. And when they did have one with the Xbox, they went elsewhere.
So Intel buys Apple and works with their OEMs to get products out in the market.
Cringely has a radical vision of the Apple/Intel deal involving cheap commodity Macs...
PBS | I, Cringely . June 9, 2005 - Going for Broke