Admittedly, I was a little disappointed to discover the G2's new Snapdragon processor is only clocked at 800MHz, but according to some leaked figures from GLBenchmarks, it should run at around the same speed as Motorola's Droid X and 2.
To dig further into the G2's innards, it's got one of Qualcomm's new 45nm MSM7230 processors, which has not been seen in any other phone until now - though is rumoured to be making an appearance in Dell's next tablets, the Smoke and Flash. It's clocked at the minimum speed of 800MHz, presumably because the battery's not that great at 1300mAh and is coupled with an Adreno 205 graphics chip - supposedly able to offer four times the performance of the Adreno 200.
You can see in the graph above that the G2 (labelled as the HTC Vision, on top) is only just behind Motorola's Droid X and 2 and the myTouch Slide, which came out in May as an exclusive T-Mobile slider.
While our review of the Droid X showed a few issues with speed ("watching this phone sputter... It's brain-stabbingly maddening if you actually know what's inside of all that"), it's likely down to Motorola and Verizon's non-production build that we were using. At least, I'm hoping so - there's no way I could cope with chugging speeds on the G2 after the agonising two years I spent with the G1. [GLBenchmark via AndroidAndMe]
UPDATE: Readers have asked about Samsung's Galaxy S, which was said to have the fastest graphics around (its 1GHz Hummingbird chip is meant to process graphics three times faster than a Snapdragon). GLBenchmarks has it on the graph above as the Captivate, which is AT&T's name for it. Either that particular flavour underperforms, or it's not quite accurate.