I just ran a distributed network render last night and it appears that the render time isn't improved at all.
I have a P4 3.0GHz with HT and a P4 2.4GHz networked together, both show 100% CPU processing during the network render session. My faster PC is at step 55 of 65, while my slower is at step 27 of 65, it appears that they are both processing the same steps (one is just faster than the other).
Is this how it is supposed to work?
The time needed to render this project is normally around 9 hours (on one PC), right now I am at 7 1/2 hrs and still going (with network rendering).