No that isn't the point.
An Ivy Bridge i7 3770 runs about 1/10th of the speed of a modern flagship, but that means for things like spreadsheets, word processing, web browsing, etc; that things that take 10ms on the modern flagship take 100ms on the Ivy Bridge, and you are unlikely to particularly notice the difference.
Gaming, video editing, 3d modelling, stuff like that, you will for sure notice the difference in speed, but if you are not doing those things, you really don't need the extra performance.
Going back 1 decade before the Ivy Bridge (Pentium 4 or thereabouts), your 100ms tasks took 1 second, and then you will notice a difference, and it will slow you down.