Ok guys, I am not a gamer. I will be using my computer for word processing and spread sheets, editing pics and videos as well as watching videos and other internet stuff. I want something that will last about 5 to 7 years before I need to upgrade.
My choices are an i3 530 6GB DDR3 or the amd phenom II 910 8GB DDR3, IF ALL ELSE ARE EQUAL and price is not an issue, what is the better processor long term?
The Phenom II X4 910 big time, it's a full quad core clocked 300MHz lower. The Core i3 530 will probably be slightly faster at say opening up documents, but in the long run you'll definitely want the Phenom II.
Obviously, the Phenom II is better in a strictly multi-threaded environment but this does not sound like your scenario to me.
I currently have an Athlon IIx4 at 3.2GHz and I occasionally think my single threaded performance is lacking. But I am glad of my choice because I work with virtual managers and gaming. But I have found that even opening 20 tabs at the same time in chrome browser will only use one CPU core. Although this may change, the single threaded performance of the i3 will definitely provide you with benefit.
All that said, I personally believe that you will not notice a difference between the two processors in practicality.
I also agree with mosox, if that can be made an option. Very few people need more than 4GB of ram and the phenom II 955 or 965 would provide enough additional single threaded speed to make it a better choice. In fact, a single core of the 965 is faster than a single core of the i3. The 955 will be about on par: http://www.anandtech.com/bench/Product/118?vs=102