I think that's where development is not THAT near. Apple and IBM both needed a fast 64bit CPU of their own for each company's plans. However, they're doing different stuff with them.
It's just a guess, but I'd say IBM's workstations/blades/servers will be Linux based. The cooling system of the G5 is software based (Mac OS X), and it's yet unclear whether YDL (Yellow Dog Linux) will soon be able to actually support this on their own.
Thus, I'd think, if you want to go Linux and PPC 970, you'd be better off with an IBM box.