"It looks like a GPU and acts like a GPU but actually what it's doing is introducing a large number of x86 cores into your PC," said Intel spokesperson Nick Knupffer.
http://news.cnet.com/8301-13924_3-10005391-64.html
EDIT: Located the SIGGRAPH paper, "Larrabee: A Many-Core x86 Architecture for Visual Computing" http://softwarecommunity.intel.com/UserFiles/en-us/File/larrabee_manycore.pdf
http://news.cnet.com/8301-13924_3-10005391-64.html
EDIT: Located the SIGGRAPH paper, "Larrabee: A Many-Core x86 Architecture for Visual Computing" http://softwarecommunity.intel.com/UserFiles/en-us/File/larrabee_manycore.pdf