Hi Rachael,
I received an email from Marcel Bresink, the maker of HM and all those products on his pages, elaborating more fully on what the speed racer Mr. Smit said 😉
"When you are using Mac OS X 10.5.6 or later on an Intel processor
with "Core i7" technology, the operating system will automatically
enable a processor feature named Simultaneous Multithreading (also
called "Hyper-Threading Technology" by Intel).
With this feature, each CPU core will support a second hardware
thread, simulating twice the number of virtual processors. Mac OS X
Leoapard does not and cannot distinguish between real and virtual
cores, so your machine is basically running as a 16-core system.
The virtual cores only reach 15-30% of the performance of "full"
processors, however.
Hardware Monitor correctly reflects this. The true and the logical
numbers of cores will be shown in the System Information window (cmd+4)
of Hardware Monitor."
Why not Activity Monitor? You've seen these oft forgot CPU gauges in AM, haven't you? I admit I was surprised. This is with 17 apps open, including PS4 and AfterEffects:
http://i528.photobucket.com/albums/dd325/senecat/ama.png