My findings are as follows: all things being equal, in modern games, HT will either have no negative impact or will have a significant positive impact, especially as to minimums, which determine the smoothness of the gameplay. The benefit of HT is more pronounced on slower CPUs than on faster CPUs and on dual-cores than on quad-cores. When building a computer, I believe HT is a good investment when taking a long-term perspective on the usage of the system, and in fact, as between a fast dual-core with HT and a slower quad-core without HT, I might suggest the faster dual-core as the more cost-effective solution. Finally, a dual-core without HT simply isn't equipped to handle modern games with even a ~$100 GPU, let alone a higher-end GPU. I would not recommend, for instance, the current Pentiums for a gaming system.
Well said, thats the truth. I too found HT essential on an Intel dualcore for gaming and desktop usage, The Core i3 is truely worth the extra money compared to the Pentium and lower models, if only Intel would release a K model at 120$...