So it's about 9 GameCube processors put together. Can't see how they would significantly update the 12-year old architecture while keeping backwards compatibility and on, so... ugh.
Anyways I was doing some research to compare it to the iPad ARMs so we have an idea and I could calculate some aspects of their relative performance. So the Wii-U processor ranges around 8630 MIPS. The iPad 3 processor around 5000 MIPS. Thank God for the multipurpose aspect of modern GPUs...