I interpret '200% faster' as meaning 3 times as fast. '200% the speed of' and '100% faster' would both mean 2 times as fast.
This looks to be a test composed almost entirely of a single threaded task. The 1.42G is roughly 3 times the clock speed of a 500Mhz. While performance gains don't tend to match gains in clock speed, the G4 has bucked this trend. Perhaps because it really didn't increase in clock speed that much. However, the newer G4s also have an L3 cache, faster caches, a faster bus, and improved altivec units, etc.
Today's G4 chip at roughly 1.5G is about 3 times as fast as the original 500Mhz. Apple calls this '204% faster'. Add in another chip and we should see the new powermacs look much better.
Tasks running efficiently on dual processors portray the new powermacs as much faster than indicated in apple's graph. On the other hand, disk based tests would show even less difference between the machines.
I predict that the ambiguously titled 'Final Cut Pro 3' graph will soon disappear, replaced by a new one fresh from the marketing deparment.
