Strange bedfellows: Apple and IBM?

The Register columnist Cormac O'Reilly predicts that after selling its PC division,
IBM will keep a foot in the personal computing business by buying, or partnering with, Apple:

Once publicly free of the PC division IBM will either buy, or form a close joint venture with Apple to sell its PCs,
which coincidentally are now built around IBM's PowerPC chip.

Just think how many positives for IBM such a marriage would provide. IBM would give the same credibility to the
Macintosh computer, and its Microsoft-beating operating systems as it provided for the PC in the first place, thereby
opening the flood gates of corporate demand.

Hitching up with Apple would provide IBM with a real inroad into the fast growing 'lifestyle' market, something the
men and women in blue suits kind of missed.

Thoughts?

Also still up for debate: a partnership between Apple and Motorola?