Is the Atom processor like the Pentium 3 (in performance)?

Is the Atom processor like the Pentium 3 (in performance)? Is the Intel Atom N280 (1.66 GHz) like the Pentium 3 (regarding the performance)?
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Guest [Entry]

"More like a Pentium 4 Northwood 2.4 GHz.

feel free to browse the GeekBench Result Browser."