Seeing the types of numbers that Merom turns in it doesn't seem like Core 2 is that bandwidth limited, probably thanks to the large 4MB L2 cache.
Cache and Bandwidth is related to each other. Looking at the Chinese site, PCOnline, it shows that 2.13GHz 4MB L2 is 11-19% faster than 1.86GHz 2MB L2. It shows that Conroe loves cache, unlike the other CPUs(this is why saying Athlon 64's should have same cache as Conroe before being compared argument is false, since Conroe benefits more).
Think of it this way:
Computerbase.de showed(http://www.computerbase.de/news/hardware/prozessoren/intel/2006/maerz/cebit06_benchmarks_intel_merom/) that Merom at equal clock is 20% faster than Yonah with same platform, that is equal FSB, memory, and chipset, in Quake 4 benchmark, even though it was using a crappy video card, a mobility X1400.
Anandtech showed that X2 with 1MB L2 per core is 4.8% faster than Yonah at same clock:
http://www.anandtech.com/cpuchipsets/showdoc.aspx?i=2648&p=13
We can also roughly extrapolate that an X2 that clocks equally faster compared to Yonah as FX-60 2.8GHz is to 2.66GHz Conroe, will be around 7-8% faster than Yonah from the same benchmark.
Yet, Anandtech's IDF Conroe preview showed that Conroe is over 22% faster than FX-60 at 2.8GHz, which is basically the same CPU as X2 but higher clock.
So, there is roughly, 1.22*1.07=31% advantage of Conroe vs. Yonah, which puts 1066MHz FSB vs. 667MHz FSB about 8% difference.
However, if you read Anand's second preview carefully, you'll notice there are TWO Quake 4 values, one with Intel's demo, and one with Anand's demo. One with Anand's demo, which is the same thing as one used on their Yonah benchmark, Conroe is actually 28% faster, not 22%.
Then the difference between 1066MHz FSB and 667MHz stretches to 12-13%.
Very rough, I know, but it shows that Conroe also needs a lot of memory bandwidth. And it makes sense, as more powerful CPUs don't show full potential unless they have enough bandwidth.