It said on the tag "Intel Pentium 4 1.60GHz-M" and to be sure it wasn't a marketing gimmick i asked a rep if it was a "true mobile processor" to which he immediately nodded yes. I'm not sure how reliable his knowledge was though as you can never tell.
In the system properties it has the following besides Manufactured and supported by:
Compaq Computer Corporation
Intel(R) Pentium(R) 4 CPU 1.60GHz
1.59 GHz
256 MB of RAM
I have not been able to find any mention of speedstep anywhere including BIOS, and if i do have it I still don't know how to monitor it and see if it's actually working and benefiting me, I do notice my monitor goes much dimmer when it's running on batteries, but other then that, how can I tell and monitor?