Istat is really cool - but I am l also looking for a tool similar til CPU-Z for Windows which can she current CPU core frequency - does it exist for Mac??

Nicroma,
Could you possibly do us Mac Pro users a favor? We are trying to ascertain whether the i5/i7 iMacs have a power management issue which is affecting Mac Pros. Since the processor architecture is similar, there is a chance that it could exist on the iMac as well. Having said that, it looks like the i5 can be confirmed to not have this problem.
If your willing to help out, if you could please do the following and report back.
1) Download and install iStat Menus so you can monitor CPU Temp.
http://www.islayer.com/apps/istatmenus/
2) Close all programs except iTunes.
3) Play audio in iTunes for at least 10 mins.
4) After 10 mins of ONLY playing audio in iTunes, check the CPU temp.
Your temp should be at or near it's idle temp (30C +/-)
If your temp is closer to 50C, then that would be an indication that the Mac Pro power management bug is also affecting i7 iMacs.
Thanks in advance!