No, i3 is destroyed by C3 at some points - slow downs etc. An i5-750 will perform much better in said game.
I've an i3-2100 and I get 22 avg, 15 min, 33 max at 1920x1080, fully maxed out, 4x MSAA (120 seconds fraps run). I achieved this with an HD 7850 overclocked to 1100MHz/1250MHz. The numbers might seem impressive for the setup I've, but there were some slow downs at demanding situations.
I'd advice getting something like an i5-2300/2400 for optimal performance.