Straight from the horse's mouth:


The actual ram speed is 266Mhz for 533Mhz and 200Mhz for DDR2-400, since it's DDR the effective memory speed is double that.
As for the second part, it doesn't work like that, there are not four 133FSB buses and also bear in mind that DDR2-400 usually has tighter timings than DDR2-533.
Aside from the performance though, F-S should be shipping DDR2-533 memory as in the specs, it's a bit concerning that they are not.
John