There are two approaches to address the solution, Hardware approach and software approach. The hardware approach toward multicore processors is influenced largely by technology limitations of wire delays, power efficiency and difficulty in getting Instruction Level parallelism. The evolution in software approach has lead us toward cloud computing. Today is the time where we have to think of multicore processors in emerging evolutionary concept of cloud. In this paper the misconceptions associated with the issue that the software is driven by hardware, Multicore processor everywhere means performance and multicore means the parallelism and hence the optimum speed, are raised. The Trends which are the driving force toward these misconceptions are addressed and a justifiable view of future system is presented. There are two dominating trends emerging today, the Hardware trend that is increased multicore organization and the second is software trend which is the concept of Cloud computing.