Complex sentence: Given the superior performance of the software emulator, and despite the fact that IA-32 hardware accounts for less than 1% of the transistors of an Itanium 2, Intel will remove the circuitry from the next-generation Itanium 2 chip codenamed "Montecito".
Split into simpler sentences: Given the superior performance of the software emulator, there has been some speculation that Intel will remove IA-32 emulation from future Itanium processors. Despite that IA-32 hardware accounts for less than 1% of the transistors of an Itanium 2, Intel is going to remove it in the next-generation Itanium 2 chip codenamed "Montecito".