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Well, the cat's out of the bag - Jobs has confirmed in his WWDC keynote speech that the first Intel-based Mac will be shipping next June, with the lineup transitioned by June 2007. The demos on stage have been on OS X running on a 3.6GHz P4.

And 10.5 will be known as "Leopard".
Hee! Well, "Ocelot" wouldn't have been too far before T. Or "Serval", for that matter. ^_^ (Nice photo they used for the demo illustration - seen it? The keynote's now available to view here; it's of one poking its head around a rock edge)