Nvidia is a leader in the GPU products. What we see in the future will be the processors with integrated GPU's. There will be a competetion between Nvidia and Intel since there is already Tegra processors from Nvidia. It is a win-win for both the companies.
I think that what has really occurred is that now all parties are basically free to do what they want. Nvidia can go their own way with processors (via ARM licensing) with an Intel suit over their head, and Intel gains access to some Nvidia graphics technology but at a high price...enough so to make them think twice about going after Nvidia again. It appears that Nvidia was also successful in forcing Intel to keep(put) PCIe on their chipsets for at least 6 years so that Nvidia graphics chips could not be locked out of designs. This latter provision was part of the recent FTC/INTEL anti-trust settlement reported in Aug. 2010.
Now Intel has to worry about ARM more so than AMD.
Will also this solve the bad boy tactics that Intel sometimes uses? Probably not, but it also shows Intel will have to pay somewhere down the line, even if it is in discounted dollars. Of key importance is the fact that there are now companies that do challenge the Intel/Microsoft status quo, and more are making significant inroads.
All the major semiconductor companies have cross licensing agreements with each other. If your pile is taller, you get money. If you don't play the game, you go to court. You can't make ICs without stepping on someones toes.
Firstly solving issue with biggest rival AMD, now paying another huge amount of money to 'future' rival at a time where they are revealing CPU, GPU combined chip sets. Well indeed AMD has a plus in this area but with settling down all troubles with Nvdia, intel can focus more on core business where tiro rival can benefit from big guy.
I remember comments of intels CEO, mentioning that AMDs way of business is wrong, and not-profitable. Indeed it seems with moves of Windows and Nvdia, he is indeed wrong. ARM is the future for low cost CPUs which is mostly accepted by big guy.