Yes you are correct. It means it has 4 cores that run at 2.4Gz. Same with Core 2 Duo's. They have 2 cores that run at __ Ghz.
Sorry, I should have explained more, but I was on the way out the door.
Just so you know, AMD is launching their version of the Quad Core chip at the end of this month. Some reports have popped up saying that the chip will be faster then the Intel Quad Core.
Here's one story.
http://www.techimo.com/forum/showthr...68#post2152168
And honestly, if you head over to
Techimo, the sister site to this, you can find alot of helpful people that will answer all the questions you got.