Direct from Google headquarters, Vice President of Product Management Sundar Pichai explains that the company’s forthcoming Chrome OS could signal the end of desktop apps as we know them.

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When Intel CEO Paul Otellini said “the worst is now behind us,” he was clearly not referring to AMD. Posting earnings Tuesday afternoon, AMD reported an ugly loss of $330 million, or 49 cents a share–greater than the 47 cents analysts had been expecting.

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After three years, AMD is finally getting around to merging it’s microprocessor and graphics divisions, another stab at reaching profitability after more than two years of losses. On Wednesday afternoon the company said it would consolidate the two divisions into one–platforms and products–led by SVP Rick Bergman.

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“Our love affair with the iPhone began by simply touching it. This was rapidly becoming the most important device I had ever owned, it was an all-encompassing, complete device. And I knew that that device was going to enable incredible things for gaming.” That breathless and swooning introduction aside, ngmoco co-founder Neil Young’s keynote address at the Game Developers Conference today was a noteworthy one in that it really heralds the arrival of the iPhone as a gaming platform.

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Brave guy, Yair Reiner, for singlehandedly assailing the “Macs are more expensive” myth (or truism, depending on your particular world view). In a research note on Apple’s new desktops, the Oppenheimer analyst compared, spec-by-spec, the new iMac, Dell’s XPS One 24 and Hewlett-Packard’s TouchSmart IQ800t and concluded that the iMac offers a better value.

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This has proven to be quite a week for Imagination Technologies. Just days after it was revealed that Apple has taken a 3.6 percent stake in the U.K. chip designer–whose PowerVR mobile graphics components are now expected to figure prominently in future iPhones–Intel raised its own stake in the company to 3.04 percent.

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Jobs invites Jon Ives, senior vice president for industrial design, to the stage to explain the evolution of Apple’s design and manufacturing process. Looks like the “brick” manufacturing process could be true. …

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The media will gather tomorrow at Apple’s Cupertino, Calif., headquarters for an invitation-only event–presumably about updates to its MacBook and MacBook Pro lines. And, as with every Apple product launch, tomorrow’s has been preceded by feverish speculation about what form, exactly, those updates will take. Among the rumors currently making the rounds …

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