Transmeta is once and for all a thing of the past as they were finally purchased by a Novafora.
This Israeli based Novafora has been around since 2004 and, according to their website, is devoted to delivering highest quality video on any display device, at anytime and anywhere. To do this they plan to build a family of video processors that are optimized for video and networks.
Having acquired Transmeta, the failed brain child of Linus Torvalds, they have some unique IP at their disposal. Looks like the system-on-chip market got some new competition.