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Lenny, that will be a *major* upgrade in processor speed for you. Direct comparisons are hard to make nowadays with all the processor series and naming schemes. I also own a number of Dells. But I can tell you from experience about the approx performance of some of these systems.
My Dual Core Ghz 3.0 (Dell 9300 series) that I mostly use to edit hdv seems to do video encoding about twice as fast than my 2.8 Ghz P4 which I mostly use for editing SD videos and graphic design nowadaus. Now My Core 2 Duo 2.66 Ghz (E660 processor) series pc does video encoding twice as fast as my my afore-mentioned dual Core 9300 series pc. So the Core 2 Duo is perhaps four times as fast as the P4 for video encoding.
The P4 is fast enough to edit standard def video with Premiere Pro but the dual core 3.0 Ghz pc is fast enough for hdv including the Cineform intermediate format that I use. Acording to some tests that I read online (TomsHardware.com I think), the Core 2 Quad may even be twice as fast for video encoding as the Core 2 Duo.
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