It would be interesting to know the exact CPU chip you have. I was under the perhaps mistaken impression that you had to be flashed to (5,1) level to run the Westmere's such as a W3680. If you have a Nehalem CPU and very CPU bound workloads, it might be worth an upgrade to a W3680 or W3690 if you can find one cheap.
Here's what I got; if this isn't the answer how would I find out?
Hardware Overview:
Model Name: Mac Pro
Model Identifier: MacPro4,1
Processor Name: Quad-Core Intel Xeon
Processor Speed: 3.32 GHz
Number of Processors: 1
Total Number of Cores: 4
L2 Cache (per Core): 256 KB
L3 Cache: 8 MB
Memory: 24 GB
Processor Interconnect Speed: 6.4 GT/s
Boot ROM Version: MP41.0081.B08
SMC Version (system): 1.39f5
SMC Version (processor tray): 1.39f5