A5 has among the best graphics in any of the ARM devices, if not the best, so it;s not unreasonable for the A5X to be even three or four times more GRAPHICALLY capable than Tegra 3. However, it will not be computationally better. However again, that doesn't matter if the A5X's two cores are fast enough for it's graphics, which they undoubtedly are. Now it needs to have enough memory bandwidth to support the graphics, then there's the rest of the phone and it's connectivity, and more.
Regardless of that, Apple should have provided hard facts and realistic benchmarks and none of the using non-optimal condition crap on the competition. Apple likes to jsut say they are better rather than prove it. This makes me assume that the A5X really isn't that much better than the A5 even though it probably is. Remember, just like in CPUs, core count is NOT everything in graphics. IPC, clock rate, memory bandwidth, and more are also important.
Intel's dual core CPUs beat AMD's everything in gaming and Nvidia's cards have far fewer cores than AMD's but they more or less compete anyway. IE the GTX 580 has 512 cores, 7950 has 1792 cores, but they have similar performance at stock anyway.