Deschutes was launched in January 1998 at 333MHz as successor to Klamath. Later releases ran up to 450MHz using a 100MHz FSB. Due the higher FSB the processor needed a different chipset; the famous 440BX Seattle chipset.
At the end of the Pentium II-era Intel produced chips capable of 500MHz. These chips were never marketed and all the multiplier locked chips were being sold at 333MHz chips (5x66MHz instead of 5x100MHz).
Deschutes was a strong running processor; it performed well with both ALU and FPU instructions. AMD was struggling to compete with the Pentium II. Because the Pentium II was more expensive AMD priced the K6-2 lower to help sales, but was struggling due the success of the Celeron Mendocino.