Im one of the few here that has taken on the 775 CPU. There are some problems that need to be understood before getting one of the 775 series. Mainly heat. Yes, the 775 will outperform the 478, but again there are some things you need to understand. On the 865 or 875 platform there is no need IMO to buy a 775 over a 478. In fact if your going to use either of these chipsets then the Northwood core is the best choice.
The only platform that you are really going to see the 775 outperform the 478 is with the new 925x or better than that the XE chipset. There are only 2 boards that I know of at this time that can fully unlock the potential of the 775. Asus has the P5AD2 series the E-Premium"$230.00" is the one I have and the fastest on the open market at this time. There is also the ABIT Fatallity which cost close to the same. Both use DDR2 instead of the regualr DDR. This is another area that you must buy the best and fastest product to gain the advantage of a 775. You will need RAM that is capable of hitting DDR667 or better. Otherwise you will not see the performance difference and will only cause yourself alot of headaches. The last thing that I will mention is that you will need to purchase a Liquid cooling system for the heat that is put off by this CPU. This is a very expensive setup, but IMO is a good choice.
Keep in mind that your question was about the 775 outperforming the 478. All of the things that I have listed are a must for this CPU to outperform the 478. If you need more info let me know.
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