Nope. The X3440 only has a default multiplier of 19 and the i7-860 has a default multi of 21.

http://processorfinder.intel.com/det...px?sSpec=SLBLF
http://processorfinder.intel.com/det...px?sSpec=SLBJJ

Here's a good comparison:

http://ark.intel.com/Compare.aspx?ids=41316,42928,