If you use the gcc-3.4 compiler, there are a bunch of optimizations that go into the 64bit code, so it is very fast. I don't have any benchmark comparisions, but after installing Debian/amd64+gcc3.4 on my dual 2.0 opteron, it just feels f aster than the i386 version.
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80gig red mk2 -- 080000125
(No, I don't actually hate Alan Cox)