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If you are trying to build a low end machine it doesn't look that bad. http://www.cpu-world.com/Compare/95/AMD_Athlon_II_X2_240_vs_Intel_Celeron_Dual-Core_E3400.html (disclaimer, I found this with a quick google search, I dunno what the sites methodology is like) shows similar performance (the AMD wins some tests the intel wins others) for similar priced bottom end chips from intel and AMD (the intel chip is slightly cheaper but intel motherboards are more expensive).Disclaimer: If you are building a new machine now you would be a fool to buy a 775 mobo at this point in time.
If you are trying to build a low end machine it doesn't look that bad. http://www.cpu-world.com/Compare/95/AMD_Athlon_II_X2_240_vs_Intel_Celeron_Dual-Core_E3400.html (disclaimer, I found this with a quick google search, I dunno what the sites methodology is like) shows similar performance (the AMD wins some tests the intel wins others) for similar priced bottom end chips from intel and AMD (the intel chip is slightly cheaper but intel motherboards are more expensive).
Afaict with either LGA775 or AM3 you can get CPU+MOBO for under $100, with LGA1156 CPU+MOBO sems to start at over $150.