Intel Xeon X5492 's Advantages
Higher base frequency (3.4GHz vs 3.3GHz)
Intel Xeon E3 1240 's Advantages
Released 2 years and 7 months late
Higher specification of memory (DDR3 vs DDR2)
Newer PCIe version (3 vs 2)
More modern manufacturing process (32nm vs 45nm)
Lower TDP (80W vs 150W)