In you want to maximise performance and minimise price, you're basically in the right place. This CPU is essentially an inferior version of the i7 860. It lacks the hyperthreading technology of the 860, it has a slightly slower (stock) clockspeed, and it lacks the turbo-mode. After that, you're not missing a great deal in comparison to its superior, except the savings in cost. How important is hyperthreading? Well, this CPU will show up on your system as four cores. Most games take advantage of two, maybe four in some special cases, but certainly not eight. What's more, even a single core on this CPU can handle all general usage (Office, blu-rays, web browsing, etc.) Hyperthreading only really comes in on applications that are optimised for many-threads, an example being video encoding. Similarly, turbo-mode boosts single-thread processes by dedicating more power to a single core to jack up its speed a bit. But again, for most people's usage, this won't be an appreciable difference.
If you're a budget gamer, or general mid-range computer user, this is one of two CPUs you should go for, and the only real consideration is relative price. If you're happy buying the 750, I'd look up
Core i5-760 - 2.8 GHz - 8 MB L3 Cache - LGA 1156 Socket (boxed version) (BX80605I5760/T). It's the next model up and features a slightly higher stock speed. At the time of writing, they are only separated by a matter of a few pounds, and so I'd recommend the 760 as the way to go.
In either case, both offerings are very aggressively priced CPUs. Both are significantly cheaper than the top end Core 2 Quad (previous generation) CPUs, and deliver more processing power too. Socket 1156 motherboards start off very reasonably priced now (for as little as £80), and DDR3 memory prices are now comparible to DDR2 prices as well. If you're building a mid-range system from scratch, there's absolutely no reason why you'd opt for anything other than the 750/760 as its basis, unless you decide you need a bit more horsepower.
I only give this CPU 4 stars because of the close proximity in price of the 760, and hence the 760 for me edges it. But really, both of these CPUs hit the sweet spot of performance vs. cost. Superb value.