Next year we'll have T3 Quad processors running at 1.5 GHz... (posted May 2011)
No, Tegra3 is slated to be released in a Motorola this autumn (THIS year).
Only issue to me is: VERY few Android devices have features yet that BENEFIT from anything more than a 2-core 1.5GHz (half the Tegra3's speed)...even if you add sdxc w/usb3.0, 3D (dual) 8-MPix cameras, 256-bit AES (esp once btrFS is stable, as it's better for flash-media & faster than ext4 (the current default filesystem on Android), but takes ~25% more CPU than ext4 so far), AND a hi-def projector...you'd be on the verge of overwhelming a 2 x 1.5GHz let alone that a Tegra3 4 x 1.5GHz would still be overkill even w/all those features. And today's typical 1.0GHz dual-core, what resource-intensive features is it needed for:
* only a handful of tablets/smartphones have added sdxc or usb3 (I have yet to see a device with both, and it makes little sense to have 1 of these high-speed buses w/o the other: you need both to do a high-speed transfer of huge files... it makes even less sense to have 2 x 1.0GHz to power SLOW sdhc & usb2.0 buses);
* a few have 3D 5-MPix cameras (in video mode, this barely stresses 2 x 1.0GHz. Extrapolating to 8-MPix 3D, 2 x 1.5GHZ (half the Tegra3's power) should be adequate), and
* ONE Android product with a projector exists (but more are in the works for 2011-12; still, if you're using the projector to display the input from dual-8-MPix camera & writing all those MPixels to an sdxc & doing a large file-xfer via the usb3.0 ALL AT THE SAME TIME (unlikely scenario...), this & everything above still doesn't stress it enough to justify more than 2 x 2.2GHz or 3 x 1.5GHz; approx 3/4ths of Tegra3's power).
I'm hoping Android mfr's finally add several (even if not ALL...) of these resource-intensive features into 1 device before moving to a quad-core design -- otherwise 99% of buyers have no reason to buy a Tegra3, or even half as much CPU power as the Tegra3 has.