Hi red33m
I would like to applogies for apparantly giving you bad advice, i can really only talk from personal experiance with the iMac's and hardware in general. I have been supporting iMac's ( Mac's ) in an enterprise enviroment for quite a while now and, up to this point have not had any issues with any of the hardware due to overheating. I still believe that it is normal for the hardware to reach 75+ degrees Celcius( under load ) and not cause damage to the hardware itself. That may be poor advice to give to someone else and for that, i appolgise, but it has been my experiance that the iMac handles heat pretty well because of the way the heat is distrubted to the aluminimum chassis.
Due to the nature of the Form factor of the computer, i have always expected the iMac/Mac Mini's to run hotter then something like a Mac Pro, which has a much better cooling setup. Granted the new iMac's may have changed the way the heat is managed, and thus, have not been as efficient as i have found the older ones ( again only from personal experiance) but i think that red33m's machine running at 50 is not too bad.