The new company is entering the public eye with $17 million in funding and a leadership roster that includes former executives and tech guys from Sun, VMWare, NVIDIA, and NetApp. PeakStream's Chief Scientist is Prof. Pat Hanrahan of Stanford, who was formerly involved with Stanford's stream processing research endeavor, the Brook project. The Brook project's work on using GPUs as stream processors formed the foundation on which PeakStream has built their newly announced product.
My point is that there are very few new multicore startups and I think that the reason is not that too many of them failed in the past but that only a few have had anything really interesting or disruptive to offer. It remains that there is a big problem that needs to be solved right now and whoever solves it will grab a lion share of the CPU market in this century.
Eh, it is really not that bad.
IMO there's a lot of room for improvement on the tools side. I don't think a new architecture is needed/warranted given the improvement we could get just from better programming models and tools.