Are you running a Phenom processor by chance?
If so, they run memory in single channel mode by default if you are only running 2 sticks of memory.
The reason is because the Phenoms have 2 memory controllers on the Processor.
Each controller runs a bank, or in this case since you only have 2 sticks of memory, each stick. It is supposed to increase performance as each controller can work independently of the other, reducing latency reads and writes to memory.
If you force them into dual channel mode, (which some boards will, and some will not allow you to do) each memory controller then must read from the same banks of memory, so 1 controller must wait on the other to finish, effectively cancelling the advantage of having the 2 controllers.
I read somewhere that there is actually a small speed increase by not running in dual channel mode, if you only have 2 sticks of memory. It is small, like 4~8%, but it is slightly faster doing this with the Phenoms than forcing them to run in dual channel.
Fact is stranger than fiction........