I don't know about that — they were using Intel's IGPs for how long?
As long as they were sufficient for the graphical demands of the platform--at the time, primarily Quartz Extreme, Core Image, and video playback. More to my point, Apple emphasizes battery life and ambient temperature over raw 3D performance in their designs, so they go with low- and mid-range GPU options. Could they sell a notebook with an SLi GPU setup, or an iMac with a 5870? Sure. Will they? Nope, because battery life and temperature trump graphics performance. They can make a product with high graphics performance, but they can't make a product with high graphics performance, great battery life, and relatively moderate operating temperatures, so they won't sell something like that. Like I said, hierarchy of priorities.
By all accounts, Apple has canceled more products than they've released under Jobs.
All I'm saying is that they have the capability to do it and do it well.
They have the capability to do it, yes. But their definition of "well" is different than your definition of "well."
Considering iPhone 4 supports 802.11n, we're not talking about a big speed discrepancy here either.
We are talking about packet loss and gigabytes of data. A cable is still faster and more secure. I'd wager that Apple would prefer to transition to USB3 or Light Peak for syncing rather than use a wireless connection.