Is that a jab at Itanium? Anyway 2ghz is a very 2020 speed, there's loads of brand new processors operating at that speed, especially when they've got 16 cores.
Looking again, it's 8 cores at 1.5 GHz which is probably equivalent to 1 GHz out-of-order cores. I'd guess similar single-thread performance to a Pentium III.
