I've been doing some speculating on the performance of this new Celeron chip:
In single threaded applications, it should perform exactly the same as the Celeron 420, putting its performance roughly equivalent to that of the AMD Athlon64 3000+ (1.8 GHz), or a 3GHz Pentium 4.
In multithreaded programs it's not so simple, but we can look at the performance of the Pentium E2140 as a guide. The Pentium e2140 at 1.6GHz on average performs largely the same as a 1.9 GHz Amd X2 3600, so it stands to reason that this new Celeron will be slower than any of AMD's dual core offerings thus far. Although, on a clock for clock comparison, the new Celeron will probably be at least the same performance per clock as AMD's X2 (which would mean approx. 20% drop in performance from Pentium E2140, in reality I'm guessing it'll be closer to about a 10-15% loss).
So, where does the performance stand in multithreaded applications? Well, since it will most definitely be slower than AMD's slowest dual core, we have only Intel's Pentium D line to compare it to. Back in the day it was shown that an AMD X2 3800 landed somewhere in the perfermance range of a Pentium D 930 to 940. The X2 3600, being slower, lands between a Pentium D 920 and 930. With the 805 bieng the slowest dual core yet made, the question is, will the new celeron faster than the Pentium D 805? I think yes, but not by much. Going by the above comparisons, I'm guessing the new Celeron will perform almost exactly the same as a Pentium D 820, which only performs about 7% better than the Pentium D 805 on average. It won't be a barn burner, but it should make even the lowest end machines powerful enough to do almost anything.