You can find the whole main presentation here: http://developer.amd.com/documentation/presentations/assets/... I'm presuming stuff coming from amd.com is confirmation. It should certainly include future products, what I would worry about is to what extent existing graphics cards will be able to take advantage of this.

Generally, I'd say this looks a lot like Clang but with better ways to express memory parralelism at least. No way to know at this point to what extent this will catch on, but it looks interesting.