The reason it is slower is because of aggressive throttling put in place by Microsoft to control temps.
Leeshor is not correct to simply assume the i7 SP3 will be faster than the SP2. Sure, it will be faster in very short bursts like opening programs or short tasks, but this thread asked about Civ5. Gaming pushes the CPU/GPU consistently for as long as you play, which on the SP3 i5 currently means your GPU is going to throttle all the way down to 598mhz with the CPU in the 1.7ghz range give or take a bit.
I've extensively tested my i5 SP3 against my i5 4300u SP2, and under every single gaming scenario the SP3 is quite a bit slower due to throttling.
This of course is argued that it is a requirement of such a thin device. Microsoft did improve things a bit with their last firmware update, but its still a good bit slower. See this thread for more in depth info:
http://forum.tabletpcreview.com/mic...p3-i7-hd5000-gaming-you-may-dissapointed.html
Also, unfortunately Seneleron, simply dropping the resolution doesn't offset the performance gap... even at the same resolution, say 720p, the SP3 is still painfully slower.
Having said all that, see my first thoughts, I'm hoping the i7 closes the gap, and it will be faster in day to day simple computing without a doubt, but gaming performance is a whole different animal.
Also, from my tests, undervolting helped a lot more on the original firmware than it does on the latest firmware that tweaks the throttling curve. Of course, every little bit helps, but it's no longer the "20%" improvement originally claimed.