Yup, 2.4 GHz to 2.8 GHz is 0.4 GHz difference, or 16.7% at best. You rarely get a direct linear relationship between CPU speed and real world performance, since other factors are involved - RAM, bus bandwidth, disk speeds and so on.
I would be you would see maybe a 10% to 12% throughput improvement on CPU intensive tasks like certain Photoshop filters, or video encoding, or that sort of thing.
Other than that, it might be noticeable at all after all that work. Even I, Mr. "Performance Hog", have to admit that today's computers are more than fast enough for the routine stuff we use them for.
I rather doubt that this upgrade would be worth the trouble.