Performance and RAS features took a giant leap forwared when Intel replaced the Xeon 7400 with the Xeon 7500. The memory subsystem went from a high latency, totally bandwidth choked loser (hardly 10GB/s for 24 cores) to a low latency and very high bandwidth champion (up to 70GB/s). The Xeon E7 builds further on that excellent platform, and adds up to 35% higher performance.
We now have a proven platform with excellent RAS features that needs slightly less power now while it provides a decent performance boost. That's excellent, but the Xeon E7 still has a few weakness. One weakness is the relatively high power consumption at idle load. Compared to the high-end Power 7 servers, this kind of power consumption is probably very reasonable. The Power 7 CPUs are in the 100 to 170W TDP range, while the Xeon E7s are in the 95 to 130W TDP range. A quad 3.3GHz Power 755 with (256GB RAM) server consumes 1650W according to IBM (slide 24), while our first measurements show that our 2.4GHz E7-4870 server will consume about 1300W in those circumstances.