HT was somewhat useful for certain end-user desktop activity because there was only one core at that time.
It will be completely useless in native 4-core CPU like Nehalem. I can't see any real benefit from it. And as with its first implementation in P4, HT/SMT gonna hurt performance in all really optimized applications.
Massive improvement in bandwidth will definitely lead to massive improvement in certain number-crunching and server applications, way over 30%.
However, most desktop users and gamers should not hold any high expectations, there will be little to none improvement for their favorite applications.
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