The processor speed has not changed with the different revisions.
I use the N95-3 and have put a 16GB card in it. It works well, I posted this info as there are a lot of Chinese N95s being sold here in Australia so watch out for the lack of wi-fi. No auto rotate for the model 3 is a nuisance.
Variations
The N95 8GB
A revision of the N95, called N95 8GB (N95-2, internally known as RM-320), was announced on August 21, 2007, and put on market in October 2007.
The changes compared to the regular version are:
Improvements
8 GB separate internal memory
Larger display (up from 2.6 inches (66 mm) to 2.8"😉.
128 MB RAM (up from 64MB), 95MB available.
Demand paging (although the N95 supports this too, since firmware version 20.0.015
1200 mAh battery (BL-6F), up from 950 mAh
Cosmetic changes to media and front-panel buttons
New model of handsfree/remote control, AD-54 (as opposed to AD-43 for previous N95 versions)
New multimedia menu, with Nokia's Ovi content integration
Built-in Automatic Screen Rotation (ASR) in software versions v20.0.016 onwards for the N95 8GB version and from v30.0.015 for N95-1, respectively.
Black faceplate instead of the original silver.
Negative changes
Pixel density is 142dpi, compared to 153dpi for the N95; this is due to the larger display but with the same resolution (QVGA)
MicroSD slot removed
Slider protecting camera lens removed to make room for the larger battery; the camera application is now started by holding down the shutter release button
Removal of built-in video editor (later added with the firmware upgrades)
Mass: 128g, up 8g from 120g
The Nokia N95-3 is a revision of the N95, internally designated as RM-160, designed specifically for the North American market. It is also available in Australian and South American market.
The following was changed from the original version:
128 MB RAM, up from 64MB.
WCDMA (HSDPA) 850 and 1900 MHz , instead of 2100 MHz .
1200 mAh battery, up from 950 mAh.
Talk time up to 190 min (WCDMA), up to 250 min (GSM).
Slider protecting camera lens removed to make room for the larger battery.
Camera flash moved to the vertical axis of the phone, so when the phone is used as a camera it sits to the side of the camera, instead of below as in the N95-1.
Cosmetic changes to media buttons.
Height: 2.05 cm, down from 2.10 cm.
Mass: 125 g, up from 120 g.
White keyboard light instead of blue for visibility improvement.
Current firmware version V 20.2.011, 13-05-08, RM-160
The Nokia N95-4 (internally known as RM-421) is the North American 3G-compatible version of the N95-2. The main differences to the N95-2 are:
Camera lens is now more flush with the phone's face.
Multimedia keys are less glossy.
Users will have to upgrade to at least firmware version 31.2.007 to have automatic screen rotation (ASR) supported. The latest firmware version is 32.2.001 as of July 23, 2009.
Both N95-3 and N95-4 have also some additional changes, such as the removal of the sliding lens cover for the camera, improved battery life, and doubling of runtime memory (RAM) from 64 to 128 MB
N95 CHINA (N95-5)
Featuring the internal name RM-245, the N95-5 is targeted at the Chinese market. The main difference from the regular N95 is the lack of any 3G connectivity support, which has not been yet adopted in China [24], and the absence of WLAN connectivity, due to Chinese regulations.
N95 8GB CHINA (N95-6)
The N95-6, internally coded RM-321 is a Chinese market-targeted version of the N95-2, lacking 3G and WLAN support just like the N95-5