Because DDR2700 memory is in the system and it is only running at DDR2100.
The FSB and Memory ISN'T in sync at the moment (133x4 = 533MHz vs. 266MHz on the memory) - effectively speaking.
Take the i845 chipsets for example. They supported DDR333, but in order to use that memory speed you needed to run a 4:5 memory ratio on a P4B 533MHz FSB chip.
Edit: You are forgetting the P4 has a quad data rate... Even though the FSB is 133MHz actual, it is quad-data rate, hence the 533MHz effective data rate. So we have a 533MHz CPU feeding information only to 266MHz memory. = Not in sync