heh, people have been asking that question all over the place.. the answer is, according to AMD, yes, with a BIOS update.
it runs cooler, becuase AMD originally made their K7 (the one with 512K L2 half speed or slower cache) crippled so that they could upgrade it later, and therefor make more money on it.
perfect example, the branch predictor. AMD had a much more advanced branch predicter in the K6-x series (in fact, it was the most advanced in an x86 CPU at that point in time, I don't know if Intel has a better one in the P4 or not, but they need it bad on that CPU), but chose not to include it in this CPU, so they could upgrade it later (the only real reason a company would do such a thing).
what proof do we have? none, really, but consider how much cooler the P4 runs, and how many transistors it has and how many MHZ it runs at, and you'll begin to see why better chip designs can really help things.