Intel has already released a 64-bit processor called Itanium, but it is discontinuing the Pentium 4 line, including the Prescott model. Instead, Intel is transitioning to dual-core processors, although these are not expected to be available for some time. Processor speed increases have stagnated, with only minor improvements from 3.0 GHz to 3.4 GHz over the past year and a half. Future advancements may include 10 GHz processors, but challenges related to heat and power consumption are significant. Current technology requires careful consideration of cooling solutions, as higher clock speeds lead to increased power draw and heat generation. Innovations in cooling, such as liquid cooling systems, may become necessary as processors evolve. Additionally, the relevance of clock speed as a measure of performance is questioned, with many users not noticing substantial differences in speed between processors of varying clock rates. Overall, the industry faces hurdles in balancing performance gains with thermal and power efficiency.