T4400 vs i3 laptop processors

Intel Pentium Dual Core T4400 (2.2GHz/800Mhz FSB/1MB cache)

vs.

Intel® Core™ i3-350M Processor Speed 2.26GHz
Front-side Bus 1066 MHz
Cache 3MB

Which is faster and is the difference worth about $50 more for the i3? I just want to make sure i3 isn't the new value "celerons" of yesterday.
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