No, Apple still has complete control over the hardware, just now instead of including G5 chips, they will include Intel chips. Not sure if intel will make custom Mac chips, or if Apple will just use the existing chip they have at the time. If it was possible to just install it on a PC, they could've done it the last 5 years, and Mac OS X would've run fine.
However, this could make Windows to Mac ports a lot smoother. We'll see.
I guess I'll have to read more before I fully understand it then. Because it states that they have it running on a 3.6GHZ P4 right now, and they're making that dev kit available. So I guess what confuses me: what makes it incompatible with current PC's if it's compiled for x86 processors. What decides what's compatible with what?
It was running on a PowerMac with a Pentium 4 inside it.
The BIOS, motherboard, RAM, drivers, I/O, and everything else is incompatible.
Right, but they're saying that there'll be a way to get Windows on their Macs. I guess I'm just under the assumption that somebody will do the same for Mac OS on PC. They're going to be facing the same obstacles. Just the other way around.
No, Windows has support for a wide-array of hardware. Mac OS X doesn't, and I'm sure Apple went out of their way to ensure that Mac OS X can't run on anything but their hardware.
Keep in mind, this changes nothing. It's been 5 years and they still haven't done it.