Intel Xeon E5 2697 v2 's Advantages
Released 2 years and 5 months late
Larger L3 cache size (30MB vs 8MB)
More modern manufacturing process (22nm vs 32nm)
Intel Xeon E3 1245 's Advantages
Higher base frequency (3.3GHz vs 2.7GHz)
Lower TDP (95W vs 130W)