Turns out the gpu chip in the iPhone 5 only uses 3 out of the 4 cores.
I would say this puts the PSV still ahead in terms of gaming performance. The S3 is also still some way behind the iPhone 5 in both cpu and gpu performance though.
Some links for more info:
http://www.ubmtechinsights.com/
http://www.eurogamer.net/articles/df-hardware-iphone-5-review







