Honestly, you'd have to check the bogomips. Not sure if the iPhone has some sort of way to shove Linux on there enough to check the bogomips but the PSP gets 109.82 BogoMIPS with uCLinux on PSP. http://jacksonm80.googlepages.com/screenshot0004.gif
Heck, I have a Pentium 1 processor laptop that gets better bogomips than that.
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