The Coldfire CPUs are classified as V3, V4, etc.
They are pretty fast, comparable to the 060 IIRC, but most of them don't have MMU or FPU. The major advantage is that they are availible in speeds up to 200+ MHz, and that they can use "modern" SDRAM.
They are semi-compatible with the 68k-series, and there are tools both for making 68k-software run on them. They are also cheaper than the 68ks, as they are produced in much larger quantities.