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What does the P4 (550) cpu mean?

Intel has a new naming system similar to BMW's car number scheme so people aren't led into the megahertz myth (like how people think a 2.8 Ghz Celeron is better than a 2.4 Ghz P4C or something).

Intel 3xx - Celeron chips
Intel 5xx - Pentium 4 chips
Intel 7xx - Pentium 4 Extreme Edition or Pentium M (NOT Pentium 4 M)

Also, I think the INtel 550 is a Pentium 4 3.4 Ghz.
 
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