There was a pretty good summary here:
Analysts missed all warning signs until Intel spelled it out 12% stock drop shows disconnect and misunderstanding No quick fix, this is a long term, uncertain problem & solution Everyone ignored the obvious until it ran them over A 12% stock drop is fault of investors/analysts not Intel Whenever...
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My view:
1. I don't think they can successfully advance 4 nodes in 5 years. That's fantasy.
2. Ribbon is Intel jargon for Gate All Around (GAA). Kind of like how Tri-Gate was the Intel term for FinFET and Tile is the Intel term for chiplets. Samsung will be the first to move to GAA at 3nm, and I think TSMC will make the move at 2nm. I doubt there is anything that special about Intel's Ribbon FET vs GAA FETs.
3. Intel has failed over and over at software. Out of the 15,000 software developers at Intel I bet the majority at coding all the bloatware that gets preinstalled on your PC that everyone just uninstalls later. That said, Pat has some credibility running a software company, and it's possible that software can become a strength for the company.
4. Pretty unlikely they will catch up to NVidia for GPU at this point. If they execute well they could take the lead back from AMD, but AMD has become formidable under Lisa Su. I don't think Pat can hold a candle to Lisa Su as far as leadership goes.