Thanks for the information and quick too.
Of course, the output is completely impossible

No seriously.
All I can think of is that the AIX kernel has cached the processor details and resupplying them. This suggests you just moved the disks from the 1.65MHz machine to the new POWER6 one without all that tedious reloading and mucking about with mksysb etc? Is that right?
Was the LPAR reporting the correct Hz a fresh install?
Can you run the "cpus" (note the "s") program from the sample code AIX Wiki page at
http://www-941.ibm.com/collaboration/wiki/display/WikiPtype/ryo
which outputs the CPU frequency in exactly the same way as nmon.
It is output on the first line.
This may duplicate the problem - in which case it can be reported to AIX Support for a fix.
The problem is that the AIX API is telling nmon the wrong details - not much nmon can do about it?
Ideas welcome, Nigel