This isn't meant as a flame, but personally, I don't care a whole lot what the Quantispeed rating was based on in 2001, what it is based on now, or what it will be based on in the future. None of that changes how the processor actually performs, and how it actually performs is not very hard to establish by reading reviews, reading what people say here, and trying it for myself.
Cue the "yeah-but" arguments. I'm only gonna bother with the first one:
"yeah, but the average consumer doesn't do that research and so it misleads them" You're right, the average consumer doesn't do that research, and that's to Intel's advantage because Intel has 2.8GHz Flufferons. Yes? Yes.

My personal opinion is that the Celeron is borderline morally-objectionable. I can respect Pentium4s as legit processors, starting with the 400MHz-bus Northwoods.
AnandTech's
"Clash of the 'rons" article really underlined the ridiculousness of Celerons, when they are consistently humiliated by a P4 1.8A, to the point where the reviewer uses the phrases
almost disturbing and
truly dismal to describe the 2.6GHz Celeron. Why not keep making P4 1.8A's, then? Because 2.6GHz and 2.8GHz sound so much faster to the uninformed consumer.
People who live in glass houses... yeah. AMD's PR ratings aren't perfect, but they're the lesser of two evils by a long shot, IMHO.