SOCs of this performance aren't Intels strength
I'm feeling a whole lot of 'what's he smoking'.
Combining the baseband and application processor is hardly a radical new idea, so playing catchup there.
Intel still haven't worked out how to build a really low power CPU, at least compared to their competition. So playing catchup from well behind there.
Intels history of building GPUs is embarassing and I think they probably underestimate how important getting that right is. We're well past the days when it had to decode 720p video just fast enough and into PS2 era rendering performance. Intel might manage the raw performance, what they've never managed is low power consumption or drivers and hardware that actually work.
Maybe they'll integrate someone else's GPU, I expect them to try to grab more of the licence revenue by using their own half assed designs though. They seem to have a real problem licensing 3rd party cores and splitting the profits with anyone else recently so they'll probably balls that up.
Oh well, I see some nice cheap devices in the near future, while they try to buy their way into the market and again when the unwanted stuff gets remaindered. Just don't expect to be playing games on them ;)