DDR3 today is clearly faster than the fastest DDR2 that was ever made. But when the switch from DDR2 to DDR3 first happened, there was not a perceptable increase in performance.
The same thing is happening again right now as DDR4 has started replacing DDR3. The speeds of DDR4 are about the same numbers as speeds of DDR3, but there appears to be almost no change in performance.
Over the next few years though, if some other form of memory doesn't change things up, DDR4 will eventually be much faster than the fastest DDR3 that we can get now.