Intel Xeon E5 2692 v2 's Advantages
Released 2 years and 5 months late
Larger L3 cache size (30MB vs 8MB)
More modern manufacturing process (22nm vs 32nm)
Intel Xeon E3 1235 's Advantages
Higher base frequency (3.2GHz vs 2.2GHz)
Lower TDP (95W vs 100W)