Intel is doing the "right" thing in terms of license, when looking at the "moral" side of it. They aren't doing anything wrong, and certainly will not get into any trouble. When looking from a distro point of view, they are not doing anything "wrong" either, but very little good also. The open source community will benefit very little from Meego, the only thing being the WM.
The point here is that there are no legal implications or licensing implications of any kind when using closed drivers that are made public by the vendors. None whatsoever. It is only a problem that exists in some open source nazis heads. Meego is not meant to be a distro in the normal sense, but is meant for OEM, and they will include closed drivers. Not only drivers, but lots of other closed things as well.