Is Intel's Core i3-530 Fast Enough For Performance Gaming?

Test Settings

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Test-System Configuration
CPU AMD Phenom II X3 720 Triple Core 2.80 GHz, 1.5MB L2 / 6MB L3 Cache Intel Core i3-530 Dual Core 2.93 GHz, 512KB L2 / 4MB L3 Cache
CPU O/C 3.67 GHz at 262 x14, 1.472V 4.31 GHz at 196 x22, 1.296V
Motherboard Gigabyte 890GPA-UD3H, 890GX/SB850 BIOS F4 (03/08/2010) Gigabyte P55-UD3R, P55 Express PCH BIOS F6 (02/11/2010)
CPU Cooler Scythe Mugen 2 Revision B Scythe Mugen 2 Revision B
RAM Crucial CT2KIT25664BA1339 (4GB) DDR3-1333 CAS 9-9-9-24 Crucial CT2KIT25664BA1339 (4GB) DDR3-1333 CAS 9-9-9-24
RAM O/C DDR3-1400 CAS 7-7-7-16 DDR3-1568 CAS 8-8-8-18
Graphics Sapphire Radeon HD 5850 1GB 725 MHz GPU, GDDR5-4000 Sapphire Radeon HD 5850 1GB 725 MHz GPU, GDDR5-4000
Hard Drive WD Velociraptor WD3000HLFS 300GB 10,000 RPM, SATA 3 Gb/s, 16MB cache WD Velociraptor WD3000HLFS 300GB 10,000 RPM, SATA 3 Gb/s, 16MB cache
Sound Integrated HD Audio Integrated HD Audio
Network Integrated Gigabit Networking Integrated Gigabit Networking
Power Corsair CMPSU-850HX 850W Modular ATX12V v2.2, EPS12V, 80-PLUS Gold Corsair CMPSU-850HX 850W Modular ATX12V v2.2, EPS12V, 80-PLUS Gold
Software
OS Microsoft Windows 7 Ultimate x64 Microsoft Windows 7 Ultimate x64
Graphics ATI Catalyst 10.2 ATI Catalyst 10.2
Chipset ATI Catalyst 10.2 Intel INF 9.1.1.1020
Thomas Soderstrom is a Senior Staff Editor at Tom's Hardware US. He tests and reviews cases, cooling, memory and motherboards.