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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".
Leopard... And 10.5? I guess we're going to stick with moving in increments of .1s, huh... no more of that 7.0 to 7.5, to 7.51, then to 8.0... 9.21~ When do you think we'll hit 11.0?