Intel Xeon E5 2689 Advantages
Larger L3 cache size (20MB vs 12MB)
Lower TDP (115W vs 130W)
Intel Xeon E5 1650 v2 Advantages
Released 1 years and 6 months late
Higher specification of memory (1866 vs 1600)
Higher base frequency (3.5GHz vs 2.6GHz)
More modern manufacturing process (22nm vs 32nm)