Hi Cryptotoad,
Have a look at this KB article for information about why power management isn't working:
http://kb.vmware.com/selfservice/microsites/search.do?language=en_US&cmd=displayKC&externalId=1012477
I'm having a similar problem with a PDSM4+ motherboard and am having a heck of a time getting SuperMicro support to grasp exactly what the problem is, they keep coming back with "Vmware isn't supported on this board" even though this really doesn't seem to be exactly a Vmware problem.
I have found 1 other user with a problem getting power management enabled on a Vmware system on SuperMicro boards. There is an AnandTech article here:
http://it.anandtech.com/show/2807/9
That seems to have the same problem with EIST. The most troubling thing about this EIST detection problem is that this seems to be happening on 3 seperate generations of SuperMicro intel-based boards, and if they can't get it right I don't know who I could expect to!
I have nothing to offer to help sort out your hyperthreading problem, but last night while I had all my vm's down to patch ESXi I tried playing with some of the bios settings in the advanced -> advanced chipset area of the bios. I found that if Ichanged the "Set MAX Ext CPUID = 3" to enabled I could get SpeedStep to be detected in ESXi, only problem is that the system only detected 1 core on my CPU at bootup and the BIOS told me hyperthreading was enabled, which is not a feature my chip even supports. I don't know what this setting does, but if your system has it and could you try enabling it and see if SpeedStep gets detected in ESXi?
Getting back to the KB article...
It seems the problem involves some optional ACPI tables that ESXi wants but doesn't need; if your BIOS exports those tables incorrectly you don't get power mangement in your ESXi system. This problem is supposed to be fixed in a future release of ESXi that will remove the requirement that these table be present. The other solution is to contact your motherboard manufacturer and get a BIOS that correctly exports the ACPI tables ESXi wants but doesn't need. Per the AnandTech article both Supermicro and Asus support were contacted and Asus was able to step up with a corrected bios. I don't know that SuperMicro ever did.
While I haven't had good luck so far getting Supermicro support to resolve my case it couldn't hurt to open a ticket with them about your SpeedStep problem
-Will