The i3 2350m is a sandy bridge processor for notebooks. It has two cores and can handle upto 4 threads at a time. The CPU runs at 2.3GHz clock speed but cannot overclock itself since turbo boost feature is disabled. Like other sandy bridge processors, this Intel CPU comes with Intel HD 3000 for graphics.
The Core i3 2350m scored 4334 in the PCMark Vantage benchmark test which is about 2000 points less than Core i5 2450m processor. Heck, even the i3 2310m (5445) got more than this. Passmark score of 2350m is 2923. Check out Core i3 3120M benchmark.
That said, the CPU is good enough if your daily usage includes using office apps, photoshop and so on.