Based upon history, reports of the x86's death have been greatly exaggerated - since the late 1980's.
Here's a nice 1999 article from Ars: [http://arstechnica.com/cpu/4q99/risc-cisc/rvc-1.html]
and the archive.org version for those without IE4 or Netscape Navigator: [http://web.archive.org/web/19991129051550/http://arstechnica...]
Floating Point operations are an example of the hurdle faced by the RISC processors such as ARM - RISC ideology suggests that dedicated FPU hardware and instructions should not be used despite the performance hit that software implementations incur.
On the other hand, the x86 CISC approach has allowed for increased integration based on changing market demands over the past 20 years (e.g. FPU integration with the 80486 in 1989 and MMX in 1996 on the Pentium).
That sort of flexibility has advantages.