Xeon 3400 series is based based on 1156 socket, so in essence is last gen CPUs, they will consume a little more power or be a little less capable, not a big deal on a server though, depending on what you do. C202/C204/C206 are the new intel server chipsets, so they take the new Sandy Bridge Xeon E3 cpus, they should be more powerful / use less power. That said everything is releative, not only the CPU/Chipset will influence the power consumption, there are a lot of other factors that you should account, like hdds, hba, PSU, etc. My server currently is idling at 105W with 11 hdds (still have to install 3 more), on my old Atom 510 i used to idle around 40W with 4hhds in. Btw there is a very low TDP Sandy Bridge Xeon,
Intel® Xeon® Processor E3-1220L (3M Cache, 2.20 GHz), but its expensive, and hard to get a hold, but lower TDP than celerons.
Depending on what you planning on doing you can also go with atom, there are server grade mobos like
SuperMicro Atom, although idk if supermicro is as efficient as intel on their mobos. I also seen people build around
AMD E-350 as with intel sandy bridge celeron cpus like
G530, really depends on what you need or planning on doing with the server.