Intel is revamping its Atom processor platform in a move that will yield more powerful netbooks, better efficiency and smaller designs. Will Intel set off another netbook boom?

On Monday, Intel made its overhaul of its Atom platform official (statement, Techmeme). The biggest item is that the Atom will integrate graphics with the CPU for the first time—something the Federal Trade Commission may notice. Intel said the new Atom has lowered power consumption by 20 percent from the previous generation. Meanwhile, there’s an army of netbooks set to be released Jan. 4 at the Consumer Electronics Show.

The chip giant notes it has 80 design wins lined up. Simply put, there’s another armada of netbooks coming your way—and maybe even a few desktops.

Intel’s new Atom processor, the N450 rides shotgun with a new chipset designed to lower power. Atom also has a lineup for entry level desktops—the D410 or the dual core D510. Atom’s role for the desktop will be to facilitate smaller designs, fanless units and unique all-in-one PCs.

Here’s the overview:

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The Intel® Atom™ processor is Intel's smallest processor, built with the world's smallest transistors and manufactured on Intel's industry-leading 45nm Hi-k Metal Gate technology. The Intel Atom processor was purpose-built for simple, affordable, netbooks and nettops.

Intel Atom processor-based netbooks and nettops offer both an easy-to-use mobile device with simple interfaces and targeted performance for a good online experience. They are rugged and compact in design, and offer the freedom and flexibility of wireless connectivity¹.

Great for Internet, these devices are an affordable option for education, photo and video viewing, social networking, voice over IP, e-mail, messaging, browsing, and numerous other Internet activities and basic applications.