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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".
I'd imagine something like that - these P4 systems are strictly for developer use, so they've something to get going on before the first retail systems hit the market next year. Given Apple will apparently be shifting the high-end G5 systems last, I'd imagine one of the earlier candidates will be the PowerBooks and "I want to make this perfectly clear, even if someone says" Yonah, with a single core equivalent going into the iBooks, helping differentiate the families.