According to
this site, a Q9550s is more than twice as fast as the 3.06GHz C2D chip that ships on a stock iMac. Of course benchmarks are what they are: YMMV.

Some other comparisons:
+ The E8600 (upgraded C2D chip) is about 20% faster than the standard C2D chip (E7600)
+ A Q8400s is almost 75% faster than the E7600
+ A Q9550s is about 65% faster than the E8600
+ A Q9550s is about 17% faster than a Q8400s
IMHO, the Q8400s offers the best performance to value ratio. The Q8400s runs about $250, while the Q9550s runs about $350. To me, an additional 20% isn't worth $100. Just my .02.
The low voltage models are more expansive than the standard voltage models (65W TDP vs 95W TDP). They are tricky to find, as Google wants to show you the more popular/common Q9550 model, but you can find them. Google Shopping links for the
Q9550s and the
Q8400s.
The more I write about this, the more I want to do this... if someone could answer my RAM question.