I am running LithMod with blue theme using a p3droid 1.1 LV kernel (d/l'ed from rom manager).
My CPU temp displays in SetCPU as -40C
Is the sensor not enabled in this kernel?
Did y'all download the new version of TempMonitor from the Market? Version 3.0.0? The old one won't work, from what I read.
I'm running LithMod with a P3 kernal and the temp reporting is fine.
I actually noticed the same thing with Rom Manager last night. My phone was saying it was running at 74.5 F while I was playing Jewels OC'd to 1.0g. It should run ~100f, and it SURE didn't feel like it was that cold.