Yup, they have their own 66MHz channels on the bus. Plus, the second CPU is idle much of the time since not even close to all programs have SMP support!
I always find it funny when some newbie says that he/she is going to get two c366s put them in a BP6 and have a 1.1GHz machine.

Hehehe, I had a kid come up to me in school last year and start talking about computers (he somehow knew I knew a lot- most people don't, I don't like to tell everyone because most people are computer illiterate (beyond the net, AOL, MS Office, and maybe a few games)at my school and I'd have a ton of questions) and he told me he was gonna do the C366 thing- I laughed then tried to straighten him out! It didn't work, he still didn't believe that two 550MHz processors don't equal one 1.1GHz CPU otherwise I'd have a server board with 4 Xeon's and not upgrade for the next 3 years.
EDIT: The previous section was VERY loosely related to this thread- he said that the two 66MHz buses=one 133MHz bus basically and I mentioned someone saying two processors=1 really fast process. I am not making a comment about whether or not the thread creator is a newbie!