Intel has held the performance crown for more than three years—ever since the launch of its Core 2 microarchitecture. It goes without saying that the company doesn’t need to introduce a new flagship just to one-up itself. And yet Intel is yanking the cover from a fresh Core i7 CPU: the 975 Extreme.

Although it runs a scant 133MHz faster than its predecessor, we’re hardly able to complain, as this processor costs just as much as the one it replaces. As with the 965 Extreme, Intel’s latest iteration boasts four cores armed with Hyper-Threading. Its QuickPath Interconnect operates at 6.4 GT/s. And the processor’s triple-channel integrated memory controller supports up to DDR3-1066 speeds (officially). Of course, most motherboards expose additional multipliers to push RAM significantly faster, and we were able to get our test platform cruising at DDR3-2133 as part of our overclocking gauntlet. The processor itself topped out at 4.12GHz via a 31X multiplier, standard 133MHz BCLK, and 1.38V.

Performance using those overclocked settings is naturally unrivaled. Even at stock settings, however, our benchmark results are impressive. As we’d expect given Core i7’s established track record in A/V software, DivX and Xvid encoding is lightning-fast. And because WinRAR is optimized to take advantage of threading, it’s able to compress our test archive using all eight of Core i7’s logical cores.

At the end of the day, we appreciate a 3.33GHz processor at the same price as Intel’s former flagship. But at $999, “value” is most definitely a relative term. The 2.66GHz Core i7-920 is still an undeniable favorite. After all, most of the samples we’ve seen are good for 4GHz, so long as you’re willing to overclock. Without question, that’s the route we’d take in building a brand new Core i7-based machine