It is a slightly-better BD processor. Better clocks for similar prices, and power consumption remains about the same. OCs pretty well, but really doesn't address much of the shortcomings of the BD arch (IPC). It is a stronger recommendation for MT applications, whereas BD~SB but <IB. Still doesn't make much sense for gaming compared to IB, but is serviceable.
Efficiency is still pretty bad though, and it falls well short when you start comparing to 6C Intel parts. If Intel is able to roll 6C parts into mainstream (post Haswell) it will really start squeezing AMD, who already has large CPU cores.
To sum it up, BD was a complete pass. This is at least worth considering for MT applications or if you can get a great deal on it. Would I build with it? No. But it's at least worth considering now.