After some search job, I found the HD 4600 “leak” photo is fake.
First of all, let’s compare The “HD 4600″ and reference HD 3650:
The “HD 4600″, looks quite real with effects “to protect sources”.
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Chinese forum ITOCP got two AMD 45nm Deneb, OC one of them to 3.4G. It seems 45nm K10 have more OCbility than current K10 Phenom CPU, but… it is still a K10.

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AMD’s stock price keeps jumping down, one years ago it is $16 and now it is only $5, and keep going low, CNBC hints the company needs some new blood:
“With today’s 6 percent move to the downside for Advanced Micro Devices, falling below $5 a share, the company’s stock now sits at a 16-year-low.
……
If Ruiz and team can’t figure out a way to strengthen AMD, after so much time trying, they should step aside and make way for a team that can. More is at stake here than merely the survival of AMD as a company; chip industry competition depends on it.”