I recently ran across a storage benchmark called Blogbench and decided to give it a quick whirl on my lab machine.
My environment consists of a Sun x4150 (32G RAM and dual quad-core Xeons @ 2.93 Ghz) running Solaris 10 05/2008 with (8) 73GB 10k RPM SAS drives and an LSI SAS RAID controller with 256M of memory.

For this test I created the following 6 disk zpool:

Two options I decided to test for ZFS using BlogBench were atime and compression. For those unfamiliar with it, the atime of a file is changed when a file is accesed. All UNIX file systems I’m aware of have atime updating enabled by default. As a sysadmin, it can be very handy to have the atime available to see when a file was last accessed, but atime updating can add a significant amount of overhead in some access patterns, so a lot of sites disable it on mounts that need performance. For ZFS to disable atime you use:
zfs set atime=off $datasetname
for most UNIX file system types there is noatime or similar mount option that can be used.
I ran 5 iterations of BlogBench (using ./blogbench –directory=/data/blogbench ) for each permutation of atime and compression settings. I had the script sleep for 60 seconds between runs to make sure any background activity for memory or ZFS housekeeping had finished before the next run started. Averaging the 5 runs together for each permutation gave me the following results:

When atime was on (which is the default), there was very little difference in the non-compressed versus compressed results. With atime disabled there was a 30-50% increase in read transactions performed and about a 250% increase in write operations. Note that the data size of the benchmark ( ~ 3.6G) was significantly smaller than the memory on the machine (32G) , so all reads were satisfied out of file system cache.
These results are only applicable to this specific test and software/hardware, so your environment may vary significantly but I would like people to be aware of the atime setting so they can be aware of another potential knob to turn in their environment.