The two chips are indeed very close in the benchmarks. The AMD chip will run cooler and quieter for the following reasons:
1. It can reduce its frequency from 2.2 to 2.0, 1.8 and 1.0 GHz at varying states of load. The Pentium D 950 can only do 3.4 to 3.2, 3.0, and 2.8 with no very low multiplier like the 4200+ does.
2. The PD 950 has a 75% load TDP of 95W. The X2 4200+ has a 100% load TDP of 89W.
3. Intel stock fans are louder than AMD units are- that's my observations. One thing I am certain of and can prove is that Intel HSFs run much faster- 3000-4000 rpm while my X2's fan is 1800rpm. RPM == noise.
Also, AMD boards are much less expensive than the 975 "Bad Axe" Intel board. That thing is $300 or more, while my ABIT board was $110. DDR2-800 for Conroe is about $125-150/GB while DDR400 is $70/GB or so. The PD 950 "Conroe-ready" rig would be several hundred more expensive than the X2 4200+ setup.
What I would recommend that you decide on is when you plan to upgrade again. If you're like me, you upgrade in a few years and get a CPU that is several generations newer. That means a new board and RAM will be in order, so I buy the CPU, board, and RAM for today because I'll need to replace it all anyway when I do upgrade. In that case, DDR2-667 on a 945/955 LGA775 board with that PD 950 would be much more comparable in price to a 939 4200+ setup. So my suggestion to you is to either wait for Intel to ship the Core 2 (which is probably what you really want, by your posts) or you buy a rig with today's parts for today and ignore any future compatibility issues.