Well, as has been said in previous page, it could be that the V2s have reached their maximum with the 1.4GHz Tualatin. But on the other hand it is also unfortunate that the Pentium III (P6) is compared to a P4 (Netburst--much longer pipeline, branch prediction etc) when there are other options along the P6 heritage (from Pentium M to Conroe to even Wolfdale).
I say this because naturally games of that time (1998~1999) would have been optimized for P6 and Pentium architectures and I'm not sure if there doesn't exist some drawbacks from using Netburst generation CPU for retro purposes. At the very least it's wasting GHz and watts compared to, say, a humble Conroe-L Celeron. I mean I do have a P2.4C and I used to run it at 3GHz+ and it was fun. But now that there are other choices...
With some LGA775/865 boards, you can use single core 2.2GHz Conroe-L Celeron 450 or even a 3.2GHz Wolfdale Pentium Dual Core E5800 (ignore the extra core in this case) with ASRock (FSB 800, no overclocking required). Of these options the Conroe-L has more similarities to Tualatin (single core, 512K L2), and I haven't tried it but maybe it can be run at close to 1.4GHz by lowering the FSB, to compare them clock for clock. Note: If this model is available in your country, I strongly recommend that you try it: ASRock 775i65G R3.0 (the model that supports E5800).
"Any sufficiently advanced technology is indistinguishable from magic."—Arthur C. Clarke
"No way. Installing the drivers on these things always gives me a headache."—Guybrush Threepwood (on cutting-edge voodoo technology)