Actually about Cool & Quiet it depends on the CPU used. The Phenom (1) had a pretty buggy Cool & Quiet - from what I remember - , however the Phenom II fixed all of those issues (especially it now also works well with OverClocking - didn't do so with Phenom (1) - , I believe you can also define its speed values now) and what is the best included the possibility (I believe it was with Phenom II) to have Cool & Quiet per Core - meaning that only one core gets a higher speed when one core is enough for it.
And it is senseless to use it because you aren't always just playing. Of course, you could disable it for playing purposes but if it works fine otherwise, why should you? Take your BSOD example, it makes sense to disable it when you play that game but having it disabled the whole time, not really.
Regarding CPU importance: Actually, when your whole CPU isn't used, then PhysX doesn't consume much CPU which means that it doesn't require more CPU power or that there is a bug in the nVidia driver which means that it does need more CPU power but somehow isn't showing it. There are no other options. It isn't unlikely for it to be option two meaning it needs more CPU power but the driver isn't telling it or something like this. Especially, when I start PhysX FluidMark it has FULL CPU speed up to the point when it reaches the maximum particle count, once that is reached it uses the lower speed AND you probably already guessed so but once that count is reached also the CPU USAGE is about 10 % lower. However, that might be related to the point that up to that particle count there are always MORE particles generated and that is likely to require more CPU usage than just having the same particle count there.
Btw. the Q9450 has by default 2.67 GHz, did you overclock it?
Regarding Warmonger: I admit that I might have used the "fluid" a bit wrong BUT it is definitely very well playable, it could be better but it is playable.
That is why I said it isn't a good test-application because if you take Sacred 2 with newest Patch I get 2 FPS WITHOUT GPU PhysX. That is really bad
