Intel Xeon E3 1275 's Advantages
Higher base frequency (3.4GHz vs 2.3GHz)
Lower TDP (95W vs 145W)
Intel Xeon E5 2696 v3 's Advantages
Released 3 years and 5 months late
Higher specification of memory (2133 vs 3)
Larger L3 cache size (45MB vs 8MB)
More modern manufacturing process (22nm vs 32nm)