Ok let's break them down then:
http://www.anandtech.com/show/4243/...mance-1-5-ghz-msm8660-adreno-220-benchmarks/2
LG Optimus 3D/SGX540@307MHz = 31,0 fps
Google Nexus S/SGX540@200MHz = 20,9 fps
If you do the math using the 20,9 score to scale it up to 307MHz you'll get 32,0 fps which is within the margin of error of any benchmark.
Now the Nexus S with the latest drivers looks like that:
http://www.glbenchmark.com/phonedetails.jsp?D=Google+Nexus+S&benchmark=glpro20
Google Nexus S/SGX540@200MHz =
26,8 fps
Scaling up to 307MHz:
LG Optimus 3D/SGX540@307MHz = 41,00 fps
Before you say now that there will be driver updates, favorable winds or a lottery win for Adreno, all IHVs constantly work on further driver improvements and that goes equally for Qualcomm, IMG, ARM, NVIDIA and whoever else. It still remains a valid point that the MSM8x60 smart-phone variant will run at somewhat smaller frequencies.
Adreno220 gives definitely a way better show then it's predecessors but considering that it truly runs at 800*480 after all in those benchmarks I can't say I'm blown out of my socks either.