Well, I'd say that yes, clock for clock the i3 is just as fast. However, the i3 is a dual-core Cpu and the i5 is a quad core so that's where most of your difference comes from. A lot of programs and games are using more than 2 cores so even though the i3 is a great value, it really starts to show weakeness when compared to Amd quad-cores and, of course, Intel quad-cores.