Again, I have to say... it's not an apples to apples comparison for gigahertz... I don't know why this is a hard concept. a 2.0ghz atom processor is much slower than a 1.3ghz C2D. These are different platforms. Having never used a i7 ULV, I can't say anything for certain though. Anyone who has used a i7-640um please speak up about your experiences with speed.
Also turboboost has no relation to battery. This is odd disinformation from those who have never used an i5 or i7 processor. All that turbo boost means is that while the TDP of the processor is under the maxium thermal envelope. Ie you're only using 1 core, or not using the integrated graphics, the cpu will overclock itself up to 2.26ghz while the thermal characteristics allow. If your try running a 3d game on the integrated graphics, the cpu will clock down (based on power and heat consumption)
I'm going to hazard a guess that most of the time you'll be running much faster than 1.2ghz. since from my own experience with an i5, I'm rarely loading 1 core, let alone 2. and when I load the 1 core, the processor overclocks.
This, along with a different processing core is why the arrandale is much much faster per clock and overall vs core 2 duo.
I could only find a few japanese benchmarks for the i7-620um and i7-640um. The 640um seems about 5% faster in benchmarks. CPU scores on PC mark 05 were 4520 and ~4750 respectively. This is actually benchmarked with the lower end 1.06 ghz i7-620um in a panasonic r9 as listed.
Benchmarks in Japanese
This is compared to 2629 on the original macbook air rev A 1.6 ghz... and 3706 for the rev C 2.13 ghz...
Macbook air rev C benchmarks
If you look at the specs, it has no SSD so the overall system score is the same on both systems due to the massively increased ssd score on the macbook air. The intel integrated graphics are slower 1777 vs 1980 with the nvidia chipset.
But my previous statement stands. As a cpu... the i7-620um and i7-640um are out of the current macbook air's league. The 1.06ghz 620um is 22% faster than the fastest current macbook air. the 1.2 ghz 640um is 28% faster.
Strap on a geforce optimus solution and you have an uber macbook air...
Oddly it seems faster than the 13 inch macbook pros too.
infact I saw the Asus UL30Jt It's a 13.3inch laptop with an i7-620/640UM + Geforce 310m w/ a 12 hour battery life. These should be the min specs for the next macbook air.
So before all the naysayers jump to conclusions, these are real numbers. Please use such before you would dismiss having an ulv in the next macbook air.