AMD has decided to step back from the brink of maximum-speed per core, to maximum-cores-per-chip.
If you look at the Anand benchmarks: http://www.anandtech.com/show/4955/the-bulldozer-review-amd-...
you'll see in very multi-threaded applications (like compression or encoding) the AMD CPU actually keeps pace with the 2600k; in other applications where it is more important to have faster single threads of execution, the Intel 2600k pulls ahead by a drastic amount though.
These are the early days, but if AMD gets this down to 22nm next year and puts 16 cores on a desktop PC -- each core may be only running at 4Ghz, but in a scientific computing or server environment where you have 16, 4Ghz cores as opposed to 4, 6Ghz cores on some equivalent Intel can make a big difference.
The new Bulldozer platform looks to be a strategic company gamble on all fronts (more cores, less speed per core) that could win AMD big in the server space (which is exploding) and in scientific computing environments.
I'm not saying the numbers aren't disappointing, I was hoping to see some big ones in there to. I'm only pointing out that this isn't quite apples to apples, and when it is (e.g. straight multithreaded benchmarking) the comparisons look OK.
All that said, I'm sure Intel has something waiting in the wings (e.g. 2800k) to shit all over this party and beyond that we have tri-gate IvyBridge CPUs next year that will hopefully bring a much-needed* leap to CPU performance.
* "needed" as defined by "my impatient ass likes fast things.