This a great online column that looks at the various methods Steve Jobs and Apple may use to prevent users from installing Mac OS X for Intel on generic PCs.
Hardware-based security of some type is seen as the most likely form of protection, however Apple could also block workable drivers for anything but Apple hardware.
The only thing that really scares me about Apple going to Intel processors is that if all of a sudden Apple's marketshare grows to become more competitive with Microsoft, I truly believe Steve Jobs could make Bill Gates look like the Pope.
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