Yes, Apple acquiring AMD will probably never happen. But it just seems like a more logical thing to do than to blow their cash hoard on a media company. I'd just like to see them concentrate more on that they know than to venture in to business that have little to nothing to do with their core competencies.
Yes, I'd read a little bit about the Imagination Tech situation. Some have speculated that it's a tactic by Apple to bring the acquisition price down. I disagreed with that theory and the Motley Fool article backs it. It will be interesting to see what Apple has up their sleeves.
I did see Craig Federighi's admission that engineered themselves in to a corner with the cylindrical Mac Pros. I've seen some people speculate that by "modular", Apple may employ a Lego like concept of stacking pieces to upgrade components. While even this would probably be an improvement over what we have now, I sincerely hope that they just return to a traditional tower form factor. Sometimes, change for the sake of change is not good.