ARMv7 rev 1 is a processor. The ARMv7 rev 1 has been tested via the Phoronix Test Suite in the configurations listed below.
grap - Tests on Ubuntu 9.04, ARMv7 rev 1, SHARP PC-T1
memoryL246 - Tests on Ubuntu 10.04, ARMv7 rev 1, OMAP4430 4430SDP board
blaze246 - Tests on Ubuntu 10.04, ARMv7 rev 1, OMAP4430 4430SDP board
Ubuntu 12.04 LTS ARMv7 Linux Performance Gains: Earlier in the Ubuntu 12.04 LTS "Precise Pangolin" development cycle I noted some performance improvements happening on the ARM side, particularly for Texas Instruments OMAP4. Namely, Ubuntu 12.04 was ARMing up for better performance with ARM hard-float support and the performance becoming more compelling for the PandaBoard ES hardware with proper cpufreq support.
LLVM/Clang On The ARMv7 PandaBoard ES: Here's a quick look at running the LLVM/Clang compiler on the OMAP4460-based PandaBoard ES compared to the default GCC compiler.