In a particular instance, ht can help. In a low use environment, dual cores are enough. It's a false assumption to make though that dual core (ht or not) is 'just as good as' a quad core. It is not.
In povray, the low power i5 4570s is capable of literally almost double the performance of an i3 4360.
http://www.anandtech.com/bench/CPU/1062
In 7zip, the i5 4570s (low power) has just under 50% more performance than the i3 4360.
http://www.anandtech.com/bench/CPU/55
An i5 3470 with a base speed of 3.2ghz and turbo of up to 3.6 (3.4ghz when all 4 cores are loaded) still manages to outperform the 3.5ghz i3 4330 in photoshop by 41.8%. That's with ht working, that's no advantage to turbo boost making it faster. Purely the difference between physical cores and ht.
http://www.tomshardware.com/charts/cpu-charts-2015/-29-Adobe-Photoshop-CC,3720.html
I could go on but no point in being repetitive. The i3 isn't the same as an i5. Ht is not a replacement for physical cores, it's a bandaid for fewer cores. A very expensive bandaid. On average people pay 50% more for ht or they could simply move up in cpu model for 50% or less cost and get real cores. There's no replacement for displacement unfortunately aside from a few light tasks. Put the cpu under an actual heavy workload and it shows. An i3 is a good budget chip for what it is, the ht does help it in some cases over a pentium anniversary edition but the i3 is also a member of the main lineup. The pentium ae was a special release in light of the anniversary of the old pentium, not a major player.
Depending on the model of cpu, you pay $100 more than the i3 (for instance a 4170) for an i5 and get twice the physical cores. Spend another $100 for an i7 to get ht. Spend another $60 and you get another 2 cores plus ht and a heck of a lot more cache. Ht is overrated and overpriced. When ht is helping a dual core like the i3, what it's telling you is you really need a quad core because a dual core isn't enough. The fact that it performs less for the price is to be expected, they're priced accordingly. If the i3 is all someone needs it's a good match for them with a good price but just because it fills someone's particular needs doesn't mean it performs as well as everything else.
Not everyone's needs are the same. If a user doesn't use photoshop or other intensive applications, the i3 is a good choice. For someone like myself who does use photoshop and other applications, by comparison the i3 is gimped compared to a quad core and ht doesn't cut it. We're not talking synthetic tests, they're actual programs and we're not talking a 5% performance difference someone may find trivial. 42% is significant. In a case like that, the physical cores are a whole lot better than ht and it represents poor value.