When overclocking a processor, we can expect a kind of linear trend in performance. As Northwood's speed increases, its performance increases. The same is true for Prescott , but what is important to look at is increase in performance compared to increase in clock speed.
Prescott 's enhancements actually give it a steeper increase in performance per increase in clock. Not only can Prescott be clocked higher than Northwood, but as its clock speed is increased, it will start to outperform similarly clocked Northwood CPUs.
We can even see this trend apparent in our limited 3 clock speed tests. Most of the time, the 2.8GHz Northwood outperforms the 2.8GHz Prescott, but the percentage by which Prescott is outperformed decreases as clock speed increases, meaning that the performance delta is significantly less at 3.2GHz.