Let's all argue semantics (and have 75% argue with absolutely no knowledge or fact), instead of hitting the real answer here. For example, I could go off about how Fortimir is incorrect about his FSB theory and explanation of said theory (point to point systems do not use an "FSB," which is merely a link that archaic systems, most notibly x86 but other architectures as well, linked the processor to the north bridge, or more appropriately the memory controller). But I won't. I will answer the question at hand.
On direct PPC ports, whole system inclusive, I have noticed that my hx4700 is very slow compared to a desktop machine of equivalent clocked speed. Keep in mind the operating systems and other hardware are totally different and, for the most part, incompatible. Also keep in mind that most of these applications haven't really been optimized for ARM. It really depends on the application, and how well it is written to support said processor (in this case, XScale PXA270 ARM CPU). Some applications may excel above desktop equivalents. Others may not. As far as the applications that I use on MY hx4700, I find it quick enough. Video could use some help however, as it gets a bit jerky sometimes - maybe it is just due to network stack vs cpu load to use video (most of the time it is through network share). I really don't know.
For a rough overall comparison, I may say it is like a 350mhz Celeron with a TNT2 running Winblows, except a little less responsive. No numbers or graphs to back it up, just a quick guesstimate feeling to answer the question provided. However, keep in mind that you will be able to do a lot with this thing
