A quad 2 Ghz ARM chip is probably about as powerful as the 1.4 Ghz dual core.
No, it's not. That's your mistake. Most software isn't coded in a way to take advantage of mass-parallelism the way synthetic benchmarks can. Unless you get your instruction-per-clock count up, your ARM processor just isn't up to par with an x86 chip.
And again, a x86 web browser, running emulated on a 4x slower ARM chip just isn't going to be able to push the HMTL5 Canvas stuff and the HTML5 video decoding required for a modern website, throwing us back to compatiblity. You'll have to wait for your browser vendor to port to ARM, if they ever decide to.
And since most of the browsers these days are a mish-mash of in-house code and outside libraries, the vendors will have to wait for those libraries to port to ARM too.. And those libraries might have dependencies they need to wait for too... and on. And on.
It gives us the whole PPC -> x86 thing, except now the new architecture is slower than the new one and can't run emulation well enough for the few years until the dust has settled.
If you want an ARM computer that badly, I suggest you look at open source software to run on it. Most of it is written so that it is at least source compatible with dozens of CPU architectures and will compile right up if no binaries are available. Linux can run on about anything under the sun and most of the major projects will build fine on most of those architectures.