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It's still the Mac OS, just the processor is Intel, right?
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Correct. It'll look and feel exactly like the Mac you're using now, only what's inside the box will change. If anything, there could be a big speed bump (and maybe a price drop, if we're lucky).
Some pundits are predicting that Mac OSX won't just work on "any" Intel processor out of the box; it'll have to be an Apple-brand Macintosh with an Intel processor inside. I suspect there will be some special incarnations of the chip, and maybe some add-on chips (graphics, sound, who knows what) to keep it as proprietary as possible.
We'll know for sure on June 6th, when Jobs gives his speech at the Developer's Conference. Industry analysts are already saying Apple's stock will drop Monday, but I bet this is just temporary.
--Marc W.