CPU-wise I'd say it should be a good deal quicker than Atom, only thing I've seen has said a 1.6-1.8Ghz Bobcat should be just a little slower than a 1.6Ghz Core 2, so that brings it close to IPC parity with K8, which I know at 1Ghz stomped on Atom (don't remember where I saw that.).
GPU-wise, it should be much better than Atom.
Though I am lax to admit this, if Bobcat performs as well as is rumored/estimated, it'll be one heck of a feat of engineering on AMDs part. The CPU cores are some 60% the size of Atoms, and while the GPU is massive, it's performance should be more than adequate and in a 9w power envelope, very impressive all around.
But I don't think we have much in real information, yet.