Good point. And could be the case. But on the other hand, showing a strong Zambezi demo would cut into Intel's SB sales more so than current AMD sales in my opinion. Which makes me think it is either one of the other 2 possibilities you mentioned "performance isn't very good, or silicon isn't really ready yet and BD will be delayed more".
Even though I am not an AMD fan, I am very excited to see BD performance.
Considering that AMD is sorta paralyzed at the top-most level from a decision making standpoint (there are ramifications to having your CEO suddenly and immediately depart, and merely having an interim acting CEO take their place versus a long-term permanent hire) I really don't think we can divine anything from the tea leaves when it comes to actions taken, and those that are not, by AMD at this time.
Llano demos are probably happening because that was the plan set in motion months before Dirk vacated AMD.
It may have been too early still for any solid plans to gel regarding bulldozer demos, and once it became time to create those plans there was confusion at the top regarding the strategy for bulldozer demos.
Double whammy for servers with both Dirk and the server head-man stepping out in the same business quarter. I'm sure everyone puts on a brave face and does the daily routine hoping the situation pans out for the better instead of the worst, but there is a reason these sorts of unprecedented upheavals in executive circles are without precedent.