Still, it looks like they really do design for benchmarks: "Xeon E5 delivers up to 2.1* times more performance in raw FLOPS (Floating Point Operations Per Second as measured by Linpack) and up to 70 percent more performance using real-HPC workloads compared to the previous generation of Intel Xeon 5600 series processors." 110% on benchmark = 70% in real world apps.
Granted, if this works out great, I have seen Intel blow to many new 'high performance' chips to expect much still they might just pull this one off. Unlike say the http://en.wikipedia.org/wiki/Itanium etc
PS: I always look at what Intel get's x86 to do much like how Microsoft could develop software, it's not that the capability is awesome so much as watching a mountain of hacks dance. They have a huge process advantage and can throw piles of money and talent at the process but they are stuck with optimization's made when computers where less than 1% as powerful.