The 'noht' kernel argument does not work on the ia32e platform. On 32-bit xeons, adding this kernel argument will cause the virtual CPUs created by hyper-threading to not by used by the kernel. However, using this option on an ia32e box seems to have no effect.
*** This bug has been marked as a duplicate of 137344 ***
A fix for this problem has just been committed to the RHEL3 U7 patch pool this evening (in kernel version 2.4.21-37.6.EL).
An advisory has been issued which should help the problem described in this bug report. This report is therefore being closed with a resolution of ERRATA. For more information on the solution and/or where to find the updated files, please follow the link below. You may reopen this bug report if the solution does not work for you. http://rhn.redhat.com/errata/RHSA-2006-0144.html