I have a midrange Android phone that I use to watch videos, listen to music and podcasts, internet browsing, chat, banking. The only thing I don't do on my phone is play games. I never once caught myself thinking "boy, this phone is slow, a faster CPU would do wonders here". It doesn't ever even feel hot to the touch.
I bet it can run just fine most mobile games available. What the hell are people running on their phones that need a better CPU?