That could be worth it if you do video encoding, otherwise I don't think you'd notice a difference. I'd have to find the benchmarks, but I'm guessing going from a 3.6GHz i7 920 to 4.4GHz i7 980X gulftown, would be about a 30% improvement in the multimedia benchmarks before accounting for the extra cores. So around 90% improvement in encoding with the extra cores over the i7 920. Comparing a 3.6GHz i7 920 to 4.8GHz Skylake should be about a 70% improvement for encoding on 4 cores, before including the extra instructions per second and memory bandwidth for other applications, and slight incremental improvement in games. Primarily, you'd be missing features like UEFI bios, SATA 3, USB 3.0/3.1, and nVME m.2 support.
Now that I think about it, I'm surprised USB 3.1 wasn't mandatory with the Z170 chipset. Thankfully the majority of 3rd party motherboards already support it.
it isn't mandatory. USB 3.1 is added via a third party controller. Nothing would stop a motherboard manufacturer from not adding it other than the prospect of such a board not selling.