The thing to realize is that although the HLT command "pauses" the CPU -- it also causes voltage spikes, (if anyone here is an audiophile, they may hve noticed this.... sometimes it actually interfeares with sound quality). I guess the question, as one of the posters said, is which is worse: the constant use, or the spikes....
If you have poor cooling, that obviously makes teh constant-on a poor decision.
The final verdict? I don't know, but it's not a clear-cut answer.