Every LGA775 processor had the potential to be 64bit... even the socket 478 Prescotts had the 'earliest' version of EM64T on die, quite a few people managed to get a look at prescotts under the microscope (literally), and realised that compared to northwood, it had a complete duplicate ALU. on Pentium 4, EM64T basically links up the two ALU's to form a single 64bit system. (However like Hyperthreading on early P4's.... intel disabled all the 64bit modes on early prescotts, and only added them when they decided it was time to do it)
The side effect on the way 64bit was 'bolted' into Netburst, was generally poor performance whenever running in 64bit mode.
However Conroe is a totally different design, its 64bit from the ground up, and doesnt need any 'tricks' to work in 64 bit mode. There appears to be little or no performance loss when running in 64 bit mode. The chips are generally more powerfull than AMD64's in both 32bit, and 64bit execution speeds.
It always surprises me that AMD get so much credit for the 64bit extensions of the X86 platform. While they had the guts to actually produce the first X86-64 processor, it wasnt exactly revolutionary. Their extensions closely mimic the transition from 16bit, to 32bit, where the AL/AH/AX type registers were extended to 32bits as EAX. AMD extended again as RAX.
That said, AMD didnt stop their, as they added a number of new general purpose registers, which can considerably improve the performance software written to make use of them. AMD did an excellent job implementing it, but it was evolutionary, and not revolutionary even so.
Some say Intel didnt think the world was ready for 64bit desktop processors, and at the time it was probably correct, the more sceptic would say that intel had spent too much money on IA64 to abandon it to the X86 processors so soon. Either way, Its good that AMD were able to give intel a firm kick up the ...., and force them back ontrack, and come up with Conroe