Xeon X3470 's Advantages
Higher base frequency (2.933GHz vs 2.8GHz)
Intel Xeon E 2314 's Advantages
Released 12 years late
Higher specification of memory (3200 vs 1333)
Newer PCIe version (4 vs 2)
More modern manufacturing process (14nm vs 45nm)
Lower TDP (65W vs 95W)