HT does make a difference. Off vs. On, there is a world of difference. Responsive wise? Definentally. In my mind, the only thing that P4 has on AMD is HT, which doesn't work anymore. Now, my Athlon 64 is leaps and bounds faster than my P4 OC/ed and HT'ed and everything.
You have to remember, you cannot really compete, Athlon 64 vs P4, because when Intel made the P4, it was specifically meant to whoop AMD's Athlon XP. When AMD brought out the Athlon 64, Intel thought the Net Burst achitecture & technology had a lot more to offer @ higher clock speeds with more cache. Well it didn't, it ran out of steam, fast. If Intel started from scratch, on a clean sheet, I would bet a large sum of money, that once again, they would lead the market again, but, they can't figure it out that the Net Burst architecture is dead. Oh well. Their problem, not mine.