Earlier quoted context omitted.
What do you think the difference is between a "real core" and a "hyperthread core"?
There is a huge difference between the two. Hyperthreaded cores only give you a speed up in specific situations where additional work can be squeezed into the pipeline. http://en.wikipedia.org/wiki/Hyper-threading The speedup is very work dependent and in practice for things like web pages and api servers you generally only get another 20-40% of performance from them rather than a full 100%.
A hyperthreaded Intel CPU has M functional units and N decode/issue pipelines.
A non-hyperthreaded Intel CPU has M' functional units and N' decode/issue pipelines.
A hyperthreaded Intel CPU with hyperthreading disabled has M functional units and N/2 decode/issue pipelines.