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Yup, you are probably right. My main point was that the guy was pulling numbers out of his arse. Like I said in my original statement...
"though I have no doubt that Power5 SMT will provide more improvement than Pentium4 SMT"
The 100% improvement just sounded inflated to me. There are certainly cases where SMT will provide large performance increases, but we aren't talking about a 100% improvement in most cases.
RE SteveToth: Yup, you are right too. I never meant web-servers, but it looks like SMT/HT helps more for heavy computation tasks (scientific, multimedia editing, games possibly someday). Servers (web/database) in general are more I/O bound.