ARM Aims to Deliver Core i5 Like Performance at Less Than 5 Watts
phoronix.com
phoronix.com
What's more, performance in laptops is limited largely by thermal dissipation these days (Macbooks are outliers due to metal unibody construction). This means that any efficiency gain is also a performance multiplier. 3 times as efficient means for times as many cores for a given thermal envelope.
You would absolutely have a use for a 5 watt CPU, if it performed like a 15 watt CPU.