Hi,
Frank is right, on any machine newer than a P4 at least. I've attached a graph showing how render times decrease as more cores are added. This is on my machine which has 16 cores - 8 physical cores and 8 virtual cores. You can see that as it goes past 8 the curve flattens off, which is when virtual cores start to be used. This is because virtual cores have about 20-30% the performance of real cores. However there is still an appreciable reduction in render time. I always use 16 threads for rendering.
Regards,
Jo