Intel lauching dual core Celeron

Intel will be introducing a new dual core Celeron E1200 running at 1.6GHz on a 800MHz FSB, socket 775 and with 512KB of shared L2 cache. A castrated Pentium Dual-Core in other words.
It will be priced at $54 in quantities, $20 cheaper then an E2140.
Though it will overclock well, price conscious consumers should buy a more feature packed, and probably faster, Athlon 64 X2 4000+. If a 1MB Conroe has trouble with the Athlon X2, this will be even worse.
The small price difference will offset itself in the usually less expensive AM2 board compared to LGA775.