Would you take a 3.06 GHz Core 2 Duo processor or a 2.66 GHz i7 processor?
See, in the computer world, none of us are naive enough to SIMPLY compare clock speeds. Yet, that seems to be what we're all doing with smartphone processors. Thoughts?
Clockspeed aside the Droid OC'd is a very competent device. At 1Ghz and compared to a stock Nexus performance is nearly indistinguishable. Reason being is the way that the OMAP SoC in the Droid works as opposed to how the Snapdragon in the Nexus works. Granted both are based on an ARM Cortex A-8 core but the actual design of the surrounding components, memory bus, GPU, etc... makes for a very similar experience on both.
The big jump is going to happen in the "Next Gen" superphones that will begin to employ the Cortex A-9 dual core SoC's. From everything I have read about these is that they nearly triple to quadruple the performance of a single core A-8 but at almost no additional cost in power. There are some reference boards out there with dual core Cortex A-9s if you want to hunt them down and play with them From what I have seen though they are VERY impressive.