Saying 1000 cores running at 1.78 GHz are a "1.78 THz chip" is a bit like saying 1000 cars driving at 65 mph are a "65,000 mph car"
I wouldn't say they are a 1.78THz chip or 65KMPH car, but like them.
I think this makes even less sense as we go to 1,000 processing elements -- even Amdahl's law is too optimistic for the workloads deployed in these scenarios (i.e., having an embarrassingly parallel computation workload doesn't help if we still need to access memory, including going through the shared interconnect(s) to do this, while also keeping cache coherence in mind--and most workloads have phases that have to be synchronized, assuming we eventually want to write the results of our computation somewhere): http://blogs.msdn.com/b/ddperf/archive/2009/04/29/parallel-s...