It is being suggested that AMD may be considering a 32nm refresh, of its K10.5 microarchitecture.

According to this report from Fudzilla, the Sunnyvale, CA based company may bridge the gap between Deneb and its next microarchitecture, Bulldozer, which is expected to surface in 2011.
A presumed 32nm refresh, may see the light of day in Q4 2009 or, early 2010.