I would like to know how big of a benefit lambdas have in Java 8. I agree that it might be more readable sometimes to use lambdas, but does it have really such of a big impa
Oracle has a presentation covering some of the performance differences. It appears that there are quite a few factors that impact performance of lambdas vs. anonymous classes.
http://www.oracle.com/technetwork/java/jvmls2013kuksen-2014088.pdf
After reading the PDF linked from @Brett Okken I believe the following holds:
I will stick with the following: