It's still the most powerful android device, including tablets.
Even a dual core Krait is faster than the Tegra 3 so.. in the end it might turn out that HTC One S and most other upcoming Krait devices are already faster (or similarly fast) and more energy efficient.
4 A9 cores will do to your battery what Tegra 3 does to One X's battery - rape it. Unless it packs 2000mAh + it won't last as long as even the SGS2. Some cool tricks that Samsung claims to save the battery life might help but..
Krait cores are more efficient (28nm process technology) AND there are only 2 of them. What's not cool for Samsung? Quad core Kraits and A15s are due later this year and they're at least 40% more efficient per every clock cycle. That's really a huuge difference considering that the quad core Krait is set to run at anything in between 2ghz and 2,5ghz. If you do the math the architecture alone guarantees that they will be almost 3 times as fast as the new Exynos that is supposed to power the SGS3 as far as pure CPU calculations go.
Bear in mind that A9 is 2010 architecture, Tegra 3 is going to get replaced later this year because A9 is obsolete. Now the newest Samsung's chip is A9. Really, boo.
I'm 100% positive that they came up with it ONLY because people want quad cores now, even if they aren't as good. Also I think that they simply had to release that phone now as it was the only right business decision - they agreed to use the imperfect processor so they packed the best they had (marketing-wise). Hopefully the phone will shine in different ways (design, screen estate/size ratio, battery tech).