I have a 2.93 with 3 gigs. of ram and a freshly fomatted hard drive. At times my cpu runs at 100% and fans screaming for doing nothing special that requires not much ram.
I know it's freshly formated but have you run a spyware check jut in case. With no protection if you had a connection to the internet while you were installing your programs you could have amassed alot. I know that's happened to me before.
I use spyware doctor and adaware se every other day. I also defrag, clear cookies, temp. files, and disk clean up.
It shouldn't contribute that much but have you checked your RAM timings in the BIOS. My PC is slower when running 3-8-8-12 2T than 2-3-3-6 1T. You'll need to check what your RAM should be though. Also, is your CPU actually set to the corrct clock speed, it could be acciedntally set to a lower multiplier or the RAM set at a lower speed. I know its frustrating when nothing people suggest is right, but stick with it and someone will come up with the answer.