Newer iMac with better processor, but lower GHz?

I am thinking of buying an iMac. The new iMacs have i5 and i7 processors, both between 2.7 and 2.8 GHz. I have done a little research on youtube and wikipedia and i found out that the older imac (with an i3), had way more GHz (over 3.1). Why does the newer one have a newer/better processor but a lower/slower GHz?
Could somebody explain that to me?
Thanks in advance.

Clock cycles for processes have become less advantageous than processing over multiple cores since Apple started using G4s.  When it switched to Intel processors, it focussed more and more on cores, as it had to maintain the processor temperature cool enough for notebooks, while speed gaining speed through other means.  Very few programs these days are completely processor dependent.  Many are GPU dependent, RAM dependent, hard drive speed dependent, and disk space dependent.  If upgrading to a newer machine means compatibility with software that you don't already have, but need, or software that is able to take advantage of a newer machine better, then by all means get it.  Otherwise all you  might be buying into is longer life of a machine under warranty once AppleCare is bought.  And don't forget, no Mac can run an older Mac OS X than shipped with it.

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