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I predict Quad-Core by Christmas, 2011. Honeycomb 3.1, reportedly, has all the necessary bells and whistles to support as many Cores as you want or can shoehorn in. Much depends on how the developer in question writes code. Also, nVidia is already talking about 6 or 8 Core SoC. I know I read it somewhere - probably in the Android Developers site. Might have been something from the I/O meet.
It was reported today that T3 samples went out to the OEMs 2010 Q4 and devices were expected in due time. ASUS is already mumbling stuff behind their hands.