<< Dullard, what about the Hammer having SSE2 optimisations? And what about the improvement in the memory controller? How much of an impact would that have? Any rough estimates? >>
Are you hinting that you think the Hammer will perform at PR3400+ not including these features? Then are you hinting that with these features Hammer will perform beyond PR3400+ resulting in actual performance of PR3800+ (give or take a hundred PR)?
The key is whether AMD is including all these features in its PR rating. I assume the answer is yes - why wouldn't AMD include these features in Hammers performance rating. If the answer is yes, then us consumers can care less what part gave what boost - the final result is PR3400+ performance. So I think the Hammer will perform at PR3000+ (give or take a few PR) then get a boost from SSE2, get a boost from the memory controller, etc resulting in PR3400+ performance.
Until we have benchmarks we can just guess. Since people around here are dead set that Hammer will debut at PR3400+, I use PR3400+ in my examples. Sure I could add some performance or subtract some performance - but I have no reason to do so and I'd get booted off these forums from angry readers if I tried. I don't know where AMD got the PR3400+ number (but they've been sticking to it). Until they have a final product to benchmark, I don't know how they know exactly what it will scale to.
An attempt to finally answer your question: There are various estimates roaming around for different Hammer parts - the DeMone estimate on an earlier link for example. The SSE2 optimizations should give Hammer roughly the same boost that the P4 gets: several percent here and there (you can look at the benchmarks yourself floating around the web). SSE2 is just now being more commonly used. Every boost that the Hammer gets from SSE2, the P4 will also get - since most current programs don't use SSE2. SSE2 is a performance booster, but isn't what the Intel marketers make it seem (at least not yet). The memory controller will remove some memory bottlenecks, giving another potential small boost (10% is realistic 20% is possible).