If you need hyper-threading, the E3-1230/1231 V3 are fine choices. If you don't need hyper-threading, then the 1220 is good enough if you don't plan on OC'ing. It really comes down to what you're doing.
With video editing, HT is worth spending the money for. With gaming, you really won't notice too much difference from a non-HT core, unless you're playing some of the few games that support it. I'm sure it will become supported over time; but right now, it's something that is fairly useless for gaming. Here's an
overclock.net thread that actually put some gaming benchmarks on HT and non-HT CPUs. It is a fairly dated example, but it does help deliver a point.