This month's MacUser UK has an article on IBM's upcoming 64-bit PowerPC chips. ( No online version of the article is available.)
As previously reported, IBM plans on discussing their new 64-bit PowerPC on October 15, 2002 at the Microprocessor Forum.
MacUser's article reports "IBM sources have claimed it is aiming for a speed of 2GHz for any new PowerPC". Unfortunately, the article also points out that the lag from announcement to production can be months to years.