I'd be shocked if the mythical iPad Pro got Core M. More likely it it would get an ARM A9X.
Core M will likely exist only in the MacBook Retina on the Apple side.
Again, Broadwell-Y Core M's performance varies greatly depending on the device.
ASUS T300 Chi for example scores 2.64 @ CB 11.5 64-bit running a Core M-5Y71. The same chip inside Lenovo ThinkPad Helix 2 scores 2.04.
Based on this it's hard to make a meaningful prediction about Skylake-Y's Core M but I'm hoping it delivers more consistent performance across different devices on top of 'up to 17% & 41% faster' (CPU & iGPU) performance bump. Considering it's the same proccess, looks like an impressive achievement.
The i5-4200U you mentioned earlier scores 2.5 in Cinebench 11.5.
Personally, I'm not so concerned about yearly performance improvements but cumulative improvements, as I keep my computers a long time.
I'm coming from a 13" 2.26 GHz Core 2 Duo MacBook Pro, which has Penryn P8400. That thing has held up well with an SSD in it, and supports the latest OS X El Capitan. Cinebench 11.5 is only around 1.35 though. Not sure how much Passmark is usable as a bench these days, but it gets 1475 compared to 3278 with i5-4200U and 3059 for Core M 5Y71.
I'm a little confused as to the specs though, since Apple's Core M MacBook Retina upgrade is for a 1.3 GHz - 2.9 GHz machine, whereas the 5Y71 is a 1.2 GHz - 2.9 GHz chip. Apple does have a 1.2 GHz SKU, but it only goes up to 2.6 GHz, which sounds like 5Y51.
Regardless, even though that MacBook has held up pretty well, Skylake Core M will be a MASSIVE upgrade for me, esp in the context of the MacBook Retina:
Core 2 Duo P8400 --> Core M Skylake = over twice the CPU performance
nVidia GeForce 9400M --> Skylake = dunno the comparative performance
OK non-Retina screen --> Awesome Retina screen
4.5 lbs --> 2.0 lbs.
USB 2 --> USB 3.x
802.11n --> 802.11ac
Thunderbolt (3)
Huge increase in battery life (partially because my MBP is so old now, but it never had great battery life to begin with).
Bluetooth 4.1
HEVC H.265 in hardware
And of course, fanless.
As alluded to in other posts, CPU performance isn't everything, since so much other stuff is important for the "feel" for performance, make things "seem" fast. All the stuff that Skylake brings to the table is impressive though. This is a big deal IMO. I'm glad I didn't bite with Broadwell.
As for importance of CPU performance for me though, it will actually matter. I am starting to notice the C2D machine slow down a bit even just surfing, so getting a 100%+ CPU performance increase is certainly welcome. More important to me though is the extended battery life and huge weight loss. I guess I'm a weakling, but these days 4.5 lbs just seems way too heavy to me.