Paraphrasing Winston Churchill, "However beautiful the theory, you should occasionally look at the evidence."

Why not?

Due to the overhead of configurability, FPGAs are something like 10x less area-efficient and power-efficient than ASICs.

also, intel have poured millions of dollars into architecture research, which, as impressive as this work is, probably has not had the same amount of R&D.

Intel graphics has always lagged behind Nvidia and ATI in terms of performance and efficiency for the longest time,despite having a large budget. One of the reasons that the Intel graphics has been able to make spectacular gains in performance and efficiency year over year recently is because of how bad their gpu was. You'll never see those kinds of gains from highly optimized chips.