I'd just like to add a couple more cents to the mix:
Asking which processor is better/faster these days is not necessarily a useful question when building/designing a computer.
Now I've thrown the cat among the pigeons, I'd better explain:
I live in the UK, where the speed limit on the fastest roads is 70mph. I could buy a Porsche, capable of 155mph+ or I could buy a Nissan capable of 90mph. Both cars can go faster than the speed limit - but that's no big deal. Legally, I cannot drive either car that fast.
Now let's take that analogy to CPUs. I run Word, IE and several new games which require 1500Mhz processors. If I buy a 3000Mhz processor costing £500, it would give a slightly better performance in the game than if I bought a 2000Mhz processor for £50.
Now, if I buy the cheap processor, I can also buy extra RAM. Since I am running Windows XP, the system "feels" faster. Next, I upgrade my hard disk subsystem so that I have 2 x 8Mb cache 7200 RPM ATA 100 drives and put my Pagefile on the 2nd drive. I then upgrade my graphics card to a GeForce FX5600 (128Mb) and get a sound card that does most of the audio processing, rather than shunt stuff to the CPU. I still have change from the £500 that I would have spent on that fast CPU, and all my games run quickly and have great graphics and sound.
Now my system really flies - the CPU benchmark isn't as high as some, but the memory and HDD performance more than make up for that, and my buddies wonder in amazement as my "slow" system performs most tasks more quickly than their "speed demons". OK some, like audio rendering, take a minute or so longer - but I can live with that.
Bottom line - the difference between a benchmark and how the computer performs in real life is the sum of the components you have used to build your system (and any useful tweaks you have made ;-)). The numbers game is old hat - unless you have money to burn and simply must have the "biggest and best".
Ask yourself this question; "What applications am I going to run, and what is the minimum processor that is required to run them all?". You may wonder about future proofing - well, if you buy a cheaper processor today, and put the money you've saved aside, you can use that money a couple of years down the line to buy the processor you would have bought for £500 for £50, and have change for more RAM.
I know there are holes in this story, but I think that people are too concerned with the latest and greatest and not paying attention to other important computing factors.
I hope this is useful - and doesn't spark too many flames!