According to Freescale the chip is designed to power "low-power, gigahertz performance netbooks at sub-$200 price points".
Sporting an ARM Cortex-A8 core, Freescale claims that the i.MX515 performs from around 600mHz to 1 GHz and provides up to 2,100 Dhrystone MIPS (million instructions per second).
Link source:
http://arstechnica.com/journals/linux.ars/2009/01/07/new-freescale-processors-target-linux-netbooks
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