It does do faster 3D according to benchmarks though.
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I checked out Neocore with reference to this post at Engadget
Nexus One trounces 3D benchmark, gets caught in high-res photoshoot -- Engadget
I downloaded the benchmark and ran it on my Droid, it scored a paltry 21.3 fps. I noticed, however, that I had browser with 3 windows open, Pandora still open, bloo, and several other apps with only about 20mb of memory free when I loaded advanced task killer.
When I killed my tasks down and free'd up my memory, I ran Neocore again and scored 31.5 fps.
Droid GPU pwnz Nexus One's.