Next Generation iPhone with Atom Processor?

Unconfirmed reports suggest that Apple is in negotiations with Intel to adopt an Atom processor based on the X86 platform for the next generation of iPhones. While we can't currently verify these rumors, upon closer consideration, we also can't rule out the possibility of this news being true. Aside from mobile phones and future products like MID (Mobile Internet Devices), there's also development potential for other products such as TV set-top boxes and home appliances.