Yep, partly because the overlocking was BCLK based rather than multiplier based, meaning the lowest frequency SpeedStep would drop down to was ~2.2 GHz instead of ~1.2 GHz. Plus the fact that some people needed near 1.4 V to get 4 GHz.x58 systems with a 920 were always very power hungry, especially when overclocked:
Here's an article by tomshardware on this very subject:
http://www.tomshardware.com/reviews/overclock-core-i7,2268-10.html
Confirming 150W at only 4Ghz on a i7 920.
The Xeons have a lower TDP compared to the original Bloomfields, despite the extra cores, presumably because they are 32 nm rather than 45 nm. So the power usage should be similar I would imagine.Now imagine the xeon 5650 etc, with 2 additional cores, overclocked to 4.2 or 4.4Ghz....