And it looks like the next Razr will be the first with a 2ghz one.You would be surprised how much of a difference CPU makes on web browsing. I reently tested an iPad1 vs iPad 2 vs iPad3 opening the WDWMAGIC homepage. All were done on the same wifi network. The iPad 3 took about 5 seconds to fully render the page, the iPad 1 took 22 seconds. Again, all using the same WiFi network, with the same network performance. The only difference was the hardware. Websites these days use so much javascript and complex HTML, that a big bottleneck is indeed the processor. I am expecting iPhone 5 to provide significantly better browsing experience than the 4.

http://gizmodo.com/5944117/motorolas-razri-has-a-whopping-2ghz-intel-processor