Intel Xeon E5 2665 Advantages
Released 4 years and 4 months late
Newer PCIe version (3 vs 2)
More modern manufacturing process (32nm vs 45nm)
Xeon E5420 Advantages
Higher specification of memory (3 vs 3)
Higher base frequency (2.5GHz vs 2.4GHz)
Lower TDP (80W vs 115W)