I'm calling bull on stating that the i7 drops to performance levels of the i3.
I happened to have an SP3 i3, i5, and i7 that I decided to test with. I ran some very basic tests from the following site.
HTML5 Fish Bowl
My first disclaimer is this. I made a custom resolution for all of the SP3s to be at 1440x960 59Hz because I don't like the scaling that happens in desktop mode when hooking up my larger monitors. The lower resolution makes a significant difference in the amount of fish that will be on the screen while maintaining 60Fps.
Basically I just told it to use the auto amount of fish. So the systems would put as many fish on the screen that it possibly could and still maintain 60Fps. I ran the test using Metro IE with nothing else running. Here are the results.
i7 High - 650 Fish
i7 Low - 450 Fish after running for 30 min.
i5 High - 550 Fish
i5 Low - 350 Fish after running for 30 min.
i3 High - 390 Fish
i3 Low - 220 Fish after running for about 30 min.
So I know from personal experience that even when the i7 throttles down and the cpu is cranking, it is still performing better than the i3 when it is cool. I also know that the i7 is still performing better than the i5. So that is what helped me decide to keep the i7 and return the i5. I'm keeping the i3 just for fun since I don't like to unplug my i7 all the time. I personally would probably be ok with the i3 if it came with more storage and more ram.