First of all, I'm talking about AM2 processors, not the socket in general. I'm saying that AM2 CPUs suck. I'm talking about the present buddy. From the time of this writing, in exactly one week, Conroe will be released. It's as good as here.
Q1 2007 is far off, and K8L is supposed to come out in the Mid-2007 area, June/July, like Conroe. Thats not Q1 2007. Actually, the latest AMD roadmap shows no signs of K8L processors through Q3 2007. There are higher-clocked Athlon 64 X2s, and a FX-64, but that's about it.
Before K8L comes out, the Athlon 64s are no match for the Core 2 Duos. We have NO performance figures from K8L, so I shouldn't start talking about that. And neither should you; don't assume that its going to beat Conroe, it could easily not. "Evolutionary, not Revolutionary" remember?