AMD have not said that, some idiot on a website said that is would be 2.6GHz for 3400+. AMD have said nothing about clockspeeds for Hammer and how they relate to the performance rating. All they have said is 2GHz+ for 3400+ rating.
It looks likely that 2.2GHz will receive the 3400+ rating.
AMD are going to release the 2400+ and 2600+ Athlon TBred's next week according to The Inquirer. That is 2GHz and 2.133GHz. Intel will release the 2.8GHz P4 a week later.
Edit: Also, the G5 core controller chips (8500) run at 500MHz, so no wonder they perform a lot lower than the to be released desktop version! Probably have lot smaller caches, perhaps less execution units, etc.