That's how I saw it. I did recently discover PA's PPC looking into various implementations of the architecture that might be salvageable. It was quite impressive. Still better specs on 65nm than the Rocket RISC-V that's on 45nm:
EDIT: Funnier is it was used in a desktop for Amiga's (AmigaOne X1000) before acquired by Apple. Had to hurt what little ego the Amiga people had left.
Linked in there was the EE Times article (http://www.eetimes.com/document.asp?doc_id=1168406) which refreshed my understanding of the licensing issue. It reads like the Power license they had would have to be re-negotiated with IBM as a transfer if they were to keep selling and making their parts.
https://en.wikipedia.org/wiki/PWRficient
EDIT: Funnier is it was used in a desktop for Amiga's (AmigaOne X1000) before acquired by Apple. Had to hurt what little ego the Amiga people had left.