AMD have always had the best "value" bang-for-buck but Intel have always held the top spot in terms of raw speed. I hope that can be turned around, because shelling out for top spec Intel machines is a very expensive business. I'd move my whole business over to AMD in a snap if they managed it. (got 8 quad or hex core PCs here, all intel, plus intel laptops).
Not always. Athlons were superior to Pentium IIIs and Athlon XPs were superior to Pentium 4s. I'm also pretty sure Athlon64s and Athlon64 X2s were a match for Pentium 4s and Pentium Ds.
I remember buying an XP 3200+ because it outperformed a Pentium 4 @ 3 GHz in most benchmarks but worked out a fair bit cheaper (including the motherboard).