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Intel will probably continue to improve their 32-bit CPU's for a while. Probably the biggest increases will come from their adjusting the P4's successors to take advantage of smaller manufacturing processes. I've heard of 90 nanometer recently, I bet they'll get it down to 10 nanometer in the next few years.
64-bit CPUs may become more popular in the future, depending on how much more RAM software decides to suck up. People just don't do enough with their average computer to need the I/O bandwidth on 64-bit systems.
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