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Quad Core host with hyper-threading, how many processors to configure in VirtualBox?

I have a quad-core i7 processor with hyperthreading (8 logical cores), when I configured a virtual machine to use 8 processors, VirtualBox gave me a warning saying that I only have four cores (which ...
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VirtualBox recognise all threads as cores or only physical cores for dual core Core i7?

When I run VirtualBox (or other virtualisation software) it lets me select how many cores I like to allocate to a virtual machine. Since I have a dual core 2.66gHz Intel Core i7 with hyperthreading, ...