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Perhaps the most dramatic difference between the P55 and the X58 chipset is the CPU socket supported. X58 motherboards support the the LGA1366 socket, which is what was used by the first Core i7 processors and will also be used by Core i9 processors set for release in 2010. The P55 chipset, on the other hand, supports the
LGA1156 socket. The LGA1156 socket can be used with Core i5 processors and some Core i7 processors, and will likely be compatible with future Core i3 processors.
The socket difference creates an obvious disparity in the capabilities of the two chipsets because the two chipsets support different processors. This does not exactly mean that X58 supports higher performance processors, however, as the LGA1156 processors used with the P55 chipset have clockspeeds similar to the LGA1366 processors supported by X58. Instead, the main difference seems to be the number of cores. Intel's Core i9 processors are said to be six-core beasts with hyper-threading. These processors will be great for people who use programs that can make good use of multiple cores.
Average users, however, will likely prefer the processors supported by LGA1156. Their performance in day-to-day tasks will be similar, but they will be much cheaper.