The advantages of the G5 mac are cost and maximum clock rate. Both of which still equate to a better price/performance ratio than the PA6T, of course.
Yes indeed this Mac will be faster. From the picture from the G5 Mac from the show:
Processor: 2700 MHz, FSB: 1350 MHz
AFAIK the PA6T processor in the "X1000": 1800 MHz, FSB: 1067 MHz.
So yes, performance wise it will kick "X1000" butt, at a quarter of the cost (in the worst case, probably much less). Even more so if the difference in OS/SW performance between MorphOS and OS4 remains, and I have seen no signs suggesting otherwise.
We will know for sure *how much* behind OS4 on the X1000 will be compared to MorphOS on a fast Powermac G5 when we see a complete comparison benchmark of the two, like the obligement test some time ago. But it will be behind.