you've got a 1.66GHz Itanium 2 dual core that does 4 FP ops per cycle, so that's 8 FP per cycle at about 1.5GHz, so 12Gflop per socket.
you've got core 2 xeons with 4 cores at 3GHz+ with I think 2 flop/cycle, or 24Gflop per socket.
twice the performance, the chips are cheaper, and the architecture's orders of magnitude cheaper, although Intel's moving both to quickpath so the Itanium architecture premium would drop out to some extent, so you'd just have the excessive cost of the Itanium chip, with it's anemic performance.
*edit* 24gflops, not 14
you've got core 2 xeons with 4 cores at 3GHz+ with I think 2 flop/cycle, or 24Gflop per socket.
twice the performance, the chips are cheaper, and the architecture's orders of magnitude cheaper, although Intel's moving both to quickpath so the Itanium architecture premium would drop out to some extent, so you'd just have the excessive cost of the Itanium chip, with it's anemic performance.
*edit* 24gflops, not 14