I found out that's because of something called Hyperthreading, which is supposed to be built in to all Pentium IV processors.
The idea is to split 1 physical processor into 2 logical processors, so that the unused processor power can be used for a second thread.
However, they say that only 3.06 GHz and above actually use Hyperthreading.
My question to you :
According to online litterature, my cpu is capable of hyperthreading, but not using it.
However, following that logic, Windows, or Everest, or Linux, none of them should be seeing two Processors, if its only using one of the "two Logical processors"
I'm wondering if my computer IS doing hyperthreading or not, and i'm left clueless right now.